Trading Notes | Centralized and Decentralized Exchanges
① Uniswap launched on Ethereum in November 2018 and was one of the first decentralized exchanges to adopt AMM. $UNI is its governance token.
② PancakeSwap is one of the commonly used DEXs on BNB Smart Chain. $CAKE is this DEX’s platform token.
③ Before swapping tokens on a DEX, verify the token contract address and pay attention to slippage settings and approvals. Don’t rely on the token name alone.
$BNB 704.5（-1.69%）
#BNB
① Uniswap launched on Ethereum in November 2018 and was one of the first decentralized exchanges to adopt AMM. $UNI is its governance token.
② PancakeSwap is one of the commonly used DEXs on BNB Smart Chain. $CAKE is this DEX’s platform token.
③ Before swapping tokens on a DEX, verify the token contract address and pay attention to slippage settings and approvals. Don’t rely on the token name alone.
$BNB 704.5（-1.69%）
#BNB