Uniswap logo
11

Uniswap


Decentralized Exchanges
Description

Uniswap is the big daddy of the decentralized exchanges, with by far the largest volumes. Uniswap was launched in 2018 as the first ERC-20 DEX running on the Ethereum network. Uniswap is an AMM, an automated market maker, with among the highest TVL, or total value locked in collateral provided by stakers, who receive a cut of each trade. Uniswap has no KYC and is known for a very user-friendly interface and easy integration with many popular wallets such as Trust, Metamask, and Coinbase. However, Uniswap fees are thought to be higher than usual, and gas fees on Uniswap may run higher than average. Clients staking funds for interest may suffer "impermanent loss" when the market value of collateral goes down. Scammers are known to promote new crypto and start pools paired with ETH, build up investors with high returns, and then "rug=pull" out by quickly transferring out of their coin, leaving large "impermanent" losses for other stakers.


Platforms
Web

Tags
decentralized exchange dex ethereum dex polygon dex optimism dex arbitrum dex

Links
Goto Homepage
Screenshot of Uniswap.

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SushiSwap logo
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  • Platforms: Web
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PancakeSwap is an AMM DEX, or automated market maker decentralized exchange, which was launched in 2020 running natively to the Binance or BNB blockchain. CAKE is the native token of PancakeSwap, and can be used in the ecosystem for staking, trading, yield farming, and playing in a lottery, as well...

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5. 1Inch

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1Inch is a DEX, or decentralized exchange, as well as the 1Inch governance token, used to control the 1Inch Dao, or Decentralized Autonomous Organization. The 1Inch network was launched in 2019, and the token in 2020. 1Inch's mission is to optimize trading across blockchains by searching for the best prices...

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Reviews



2022-06-21 18:56:20

One of the most famous decentralized exchange. Minimalist and cute UX, but don't let it mislead you : You have to do your due diligence and know where you are going into. There are multiple ways you can lose money : Unexpectedly high fee, accidental slippage, front-running slippage, other type of transaction fail.