Knowledge may seem boring in everyday life, but you’ll appreciate it when you run into trouble.
Today’s topic: AMM (automated market makers)
AMMs don’t require individual order matching. Instead, users swap between two tokens in a liquidity pool.
When trading on a DEX, set your slippage tolerance carefully. If it’s too high, you could fall victim to a sandwich attack and lose a portion of your funds.
$UNI is the governance token for Uniswap, the protocol that popularized AMMs. Current price: 7.76.
#UNI
Today’s topic: AMM (automated market makers)
AMMs don’t require individual order matching. Instead, users swap between two tokens in a liquidity pool.
When trading on a DEX, set your slippage tolerance carefully. If it’s too high, you could fall victim to a sandwich attack and lose a portion of your funds.
$UNI is the governance token for Uniswap, the protocol that popularized AMMs. Current price: 7.76.
#UNI