The first page of my trading notes says: Understand it before you act.
Today's topic: Hayden Adams
Uniswap's core idea was inspired by an article by Vitalik about automated market makers (AMMs).
Before becoming a liquidity provider, you need to understand impermanent loss. The fees you earn may not cover losses caused by price movements.
Holders of $UNI can participate in Uniswap governance votes.
#UNI
Today's topic: Hayden Adams
Uniswap's core idea was inspired by an article by Vitalik about automated market makers (AMMs).
Before becoming a liquidity provider, you need to understand impermanent loss. The fees you earn may not cover losses caused by price movements.
Holders of $UNI can participate in Uniswap governance votes.
#UNI