While chatting with friends, I realized that a lot of people get this mixed up.
In 2018, Uniswap received a development grant from the Ethereum Foundation.
Instead of using an order book, Uniswap uses liquidity pools: liquidity providers put two tokens into a pool, and the exchange price is calculated automatically based on the ratio of the two tokens in the pool.
$UNI is Uniswap’s governance token, launched in September 2020.
What’s your take on this? Share your thoughts in the comments.
Just sharing some notes—make your own decisions when buying or selling.
In 2018, Uniswap received a development grant from the Ethereum Foundation.
Instead of using an order book, Uniswap uses liquidity pools: liquidity providers put two tokens into a pool, and the exchange price is calculated automatically based on the ratio of the two tokens in the pool.
$UNI is Uniswap’s governance token, launched in September 2020.
What’s your take on this? Share your thoughts in the comments.
Just sharing some notes—make your own decisions when buying or selling.