No order book—how do DEXs set prices?
AMMs don’t need buyers and sellers to match orders one by one. Instead, users trade against pools containing two tokens.
Key takeaway: When swapping on a DEX, set your slippage tolerance carefully. If it’s too high, you could lose the difference to a sandwich attack.
$UNI is the governance token for Uniswap, the protocol that popularized AMMs.
Don’t go in big on something you’re unfamiliar with. Try it out with a small amount first.
#UNI
AMMs don’t need buyers and sellers to match orders one by one. Instead, users trade against pools containing two tokens.
Key takeaway: When swapping on a DEX, set your slippage tolerance carefully. If it’s too high, you could lose the difference to a sandwich attack.
$UNI is the governance token for Uniswap, the protocol that popularized AMMs.
Don’t go in big on something you’re unfamiliar with. Try it out with a small amount first.
#UNI