I only realized after paying a hefty price: read the instructions first.
Today’s topic: AMM (automated market maker)
AMMs don’t require people placing orders to match trades one by one. Instead, users trade two tokens in a liquidity pool.
When trading on a DEX, set your slippage tolerance carefully. If it’s too high, you could lose more to a sandwich attack.
$UNI is the governance token of Uniswap, which popularized AMMs. Current price: 6.94.
#UNI
Today’s topic: AMM (automated market maker)
AMMs don’t require people placing orders to match trades one by one. Instead, users trade two tokens in a liquidity pool.
When trading on a DEX, set your slippage tolerance carefully. If it’s too high, you could lose more to a sandwich attack.
$UNI is the governance token of Uniswap, which popularized AMMs. Current price: 6.94.
#UNI