Uniswap discussion

[zasad@]

"Decentralized trading protocol Uniswap is one of Ethereum’s biggest hits right now, and the breakout project has plenty more runway from here."
https://defiprime.com/uniswap-explained

Site
https://uniswap.org/
Blog
https://uniswap.org/blog
FAQ
https://uniswap.org/faq
Analytics
https://uniswap.info/home
Swap
https://app.uniswap.org/#/swap

Very simple interface and real trading volumes.


"On Aug 10, 2020, Uniswap secured approximately $ 250 million in daily trading volume"
https://defiprime.com/uniswap-explained

https://uniswap.org/blog/uniswap-raise/
"The Uniswap protocol is now one of the most widely-used platforms on Ethereum, with approximately $1.5B in volume in July 2020 alone. While this indicates initial protocol-market fit, we are even more excited for what comes next.

Today, we’re thrilled to announce that we have raised $11M in Series A funding led by Andreessen Horowitz with additional investments from USV, Paradigm, Version One, Variant, Parafi Capital, SV Angel, and A.Capital."

Know what the future will be like: through cross-chain platforms, this protocol will support the decentralized exchange of any cryptocurrency, regardless of blockchain technology.

https://defirate.com/uniswap-to-1b/


(GUIDE) How to trade on uniswap correctly

[Josefjix]

Uniswap is doing very well to prove its wort an inch further, the rise of Defi projects that stated their IEO on Uniswap have been successful so, It is a great exchange to suggest for any developing project.

Today, we’re thrilled to announce that we have raised $11M in Series A funding led by Andreessen Horowitz with additional investments from USV, Paradigm, Version One, Variant, Parafi Capital, SV Angel, and A.Capital."

This is an intriguing read and it gives me a sweet sensation. Uniswap seems to be the real deal. The funding is quite huge and boostful.

[Rune]

You posted this in the wrong section I think this is announcements not discussions.

But this uniswap stuff is really crazy to me I actually don't like it not being able to easily see previous transactions and place my own limit orders is really foreign to me.

I honestly can not believe how much volume it is getting I see other decentralized exchange platforms hardly going up like vite its doing ok but the volume is noting like uniswap.

idk how people are gonna be able to buy into these pump and dump scams before they leave crypto. I feel like every bull run when the scams start really taking off and then the market starts declining every one loses tons of money and leaves for a few years. But this time the scamming is happening in the start of the bull run

[kindbtc]

Uniswap has really been a huge success and obviously it has changed the way we trade and it has shown what is coming up to all other traditional centralized exchanges because volume is rapidly going to uniswap and if this trend continue uniswap can become biggest trading venue by volume leaving behind all big exchanges which would be epic victory for uniswap.

[dataispower]

Uniswap is one of the biggest DEFI products in the category of decentralized exchange. Many copycats will start imitating uniswap, already TRON and IOTEX plan to launch similar uniswap-like DEX which is cool anyway. I admit that uniswap makes trading ERC20 tokens pretty easy for me, but right now ETH transaction fees sucks and I think uniswap is a major contributor to the increased fees. I was marveled the first time I used uniswap on trust wallet DApps browser.

[Leonardo7]

Ethereum gas fee is just another madness trading on uniswap. The developers of ETH2.0 should work fast to pass the testnet so we can start making a fast and less costly transactions. Maybe a less costly Dapp will do better than uniswap, money been printed from tin air, ethereum miners are in for a good gain.

[cryptoaddictchie]

Know what the future will be like: through cross-chain platforms, this protocol will support the decentralized exchange of any cryptocurrency, regardless of blockchain technology.

The news on the 11m USD dollar isnt shocking as unsiwap can easily raised the mentioned fund. What Im excited is the integration of the cross-chain platform throughout the entire blcockhain networks. But this will be a huge task. But knowing uniswap probably they can pulled of its development. Imagine the traffic it brought to the ethereum network, and even the hike of gas fee. Im sure this will be lessen once all blockchain is working already on a single hub.

You posted this in the wrong section I think this is announcements not discussions.

OP isnt part of Uniswap and I believe this thread is perfectly fine here. Im not sure if there is or none announcement thread yet of uniswap here but if none. They are the one should be posting it unless OP is tapped to do the official post for uniswap.

[elda34b]

Maybe a less costly Dapp will do better than uniswap

The fees are high due to the network, so any dapp would more or less have the same fees. The only way to solve it is to make contract call cheaper, and probably the next Ethereum upgrade will do that.

I agree that miner got profits from this but remember that they're mining the blocks and securing it, it's not like they got it for free.

[minatour]

For me, uniswap did wonderfully well this year, listing potential project back to back shows how good the exchange is, the only problem I have with the exchange so far is the issue of high gas for transaction which I hope should be solved soon.

[slackovic]

How do I place a limit order on Uniswap?

https://medium.com/@pine_eth/pine-finance-an-amm-orders-engine-525fe1f1b1eb

"We want to start simple, that’s why we are launching Pine with initial support for limit orders using Uniswap v2 and v1.
Additional sources of liquidity such as 1inch, 0x, Balancer, Kyber, AAVE, etc will be added in the near future, alongside new order types like stop-loss orders, market orders, and more."

Well, as it's written in the article you linked, you can place a limit order by using Pine.finance, not Uniswap. I did not use Pine.finance so I can't say if it's working or not. Also I'm not sure if there is a plan to add limit orders to Uniswap.

[Gayong88]

Even though this is not an in-depth discussion maybe this is what is being conveyed Both traders and providers have the same advantage when using the Uniswap protocol, where the advantages themselves are lower gas costs compared to other DEX.

[Melody2]

Indeed, it is strange how Uniswap suddenly rose to prominence, commanding such huge trading volumes. However, I think it makes it difficult for experienced traders to use when it comes to using charts, signals, and analyzing the best entry and exit points. These are features you'll normally get when using a centralized exchange.

[masterrex]

I like Uniswap much for being a fully decentralized exchange platform, but the number one reason why I don't use it now because of its monstrous fees, But I understand that Uniswap is only following the gas fees required on Ethereum Network thats why Uniswap has nothing to do about it but in relation, these huge fees can affect in Uniswap reliability if the gas problem persists. 

[ryzaadit]

I like Uniswap much for being a fully decentralized exchange platform, but the number one reason why I don't use it now because of its monstrous fees, But I understand that Uniswap is only following the gas fees required on Ethereum Network thats why Uniswap has nothing to do about it but in relation, these huge fees can affect in Uniswap reliability if the gas problem persists. 

All decentralized exchange cannot control the high fee you should know that's.

All depends on the network situation, all decentralized exchange like IDEX, Etherdelta, and other ERC20 Decentralized Exchange also got the same high transaction not only Uniswap. So, when the gas goes on ethereum was high using decentralized exchange was not a good option because each action you make like make an order, deposit, withdrawal all of them need to make TX to the chain.

[Yogee]

Has anyone became a liquidity provider here? I know there's a 0.3% share in the fee for every transaction that will be distributed pro rata. Can you  verify this?

It looks like you have to be very smart also on which token you have to provide liquidity for better profits.
If you add liquidity to a token that nobody buys, you'll only end up wasting on fees. Do you get charged with additional fees if you pull out or withdraw?

[minairia3]

Has anyone became a liquidity provider here? I know there's a 0.3% share in the fee for every transaction that will be distributed pro rata. Can you  verify this?

Im not yet but some of my friends doing a lot of uniswap liquidity and if you provide it with the good choice of token which have a lot of trades then youre lucky cause you can easily earn a lot of it. Also if the tokens youre provided liquidity lacks some volume plus the gas fee is high then thats your earning started to drop due to multiple fees when removing and adding it.

[amishmanish]

Uniswap is basically a decentralized exchange. The innovative feature of user provided liquidity is a copy of the curve protocol. These are pretty much financial instruments that are allowing random people to raise money by just listing their token with some promise of De-Fi.
Earlier if you were a scam dev, you had to go through the pains of lisitng on an exchange so you could dump your "tokens" on clueless buyers. Now you can just list them on uniswap, make promises about "future" development and then sell as much as you can by careful trading on uniswap.

It has opened a lot of avenues but a decentralized system is only as good as those using it. Unfortunately, there is no incentive for anyone except pumping their token and then selling it to newbies. Most of the active "community" knows this too. People are more than happy to dump on each other as well as in paying insane ETH fees. The miners are having a good run for sure. Earlier we used to be concerned about investment bankers getting filthy rich at the expense of common people. Protocols like curve and uniswap have only lowered the entry barrier to being an investment banker, albeit at a lower scale.

Its raining free money. Grab it if you can.

[zasad@]

https://twitter.com/UniswapProtocol/status/1306385710434451461?s=19

Introducing UNI
🦄
September 16th, 2020

"UNI, the Uniswap Protocol token, is live!

UNI contract address: 0x1f9840a85d5aF5bf1D1762F925BDADdC4201F984

60% of the UNI genesis supply is allocated to Uniswap community members, a quarter of which (15% of total supply) has already been distributed to past users

To start, UNI is available through four liquidity mining pools: UNI holders may vote to add more pools after an initial 30-day governance grace period"

https://uniswap.org/blog/uni/

[bigcash2011]

Uniswap has just launched their governance tokens and it seems like even centralized exchanges are running to list them already binance, huobi, okex and coinbase have confirmed listing.
They are also offering an exciting airdrop which every user can claim but i do not know the exact process so will wait for more details.

[ahmia39]

Indeed, it is strange how Uniswap suddenly rose to prominence, commanding such huge trading volumes. However, I think it makes it difficult for experienced traders to use when it comes to using charts, signals, and analyzing the best entry and exit points. These are features you'll normally get when using a centralized exchange.

Uniswap is different from centralized exchange, because uniswap has an instant exchange feature and this is not shared by a centralized exchange, so it clearly does not have the best charts, signals, and analyzes of entry and exit points.