🔥 Key insights: Hayden Adams
Uniswap replaces the order book with liquidity pools: liquidity providers deposit two tokens into a pool, and the exchange rate is automatically calculated based on the ratio of the quantities of the two tokens in the pool.
Before becoming a liquidity provider, you should understand impermanent loss. The fees you earn may not necessarily offset losses caused by price fluctuations.
$UNI is Uniswap’s governance token, launched in September 2020. Currently 7.215.
Have you heard about this before?
#UNI
Uniswap replaces the order book with liquidity pools: liquidity providers deposit two tokens into a pool, and the exchange rate is automatically calculated based on the ratio of the quantities of the two tokens in the pool.
Before becoming a liquidity provider, you should understand impermanent loss. The fees you earn may not necessarily offset losses caused by price fluctuations.
$UNI is Uniswap’s governance token, launched in September 2020. Currently 7.215.
Have you heard about this before?
#UNI
