Devenez Insider

DeFi: Can Uniswap continue to dominate the market?

Thursday, May 18, 2023

‍The decentralised exchange platform (DEX) has been crushing the competition for a few years, but its lack of a business model could gradually cause it to lose ground. Some players like Curve could benefit from this.

Uniswap, what is it?

Uniswap was launched in 2018 by American engineer Hayden Adams. Its function is simple: to enable the exchange of digital assets in a decentralised manner without the intervention of a third party, in other words not like a traditional stock exchange.

On Nasdaq, it is the eponymous company that ensures the proper execution of exchanges. On Uniswap, it's the technology itself that does it 💡.

Uniswap's major innovation is based on its model dubbed the Automated Market Maker (AMM). Instead of using traditional order books, Uniswap allows users themselves to provide liquidity to trading pools by adding funds to smart contracts (which automatically execute a trade when a pre-specified condition is met).

These liquidity pools are made up of asset pairs, for example, ether (ETH) and another token ERC-20 (the token of a project developed on Ethereum). In exchange for their contribution, liquidity providers receive the fees paid by traders.

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Cette analyse n'est pas un conseil en investissement. Elle a été rédigée sans prendre en compte votre situation personnelle et notamment votre situation financière, votre profil de risque et vos objectifs d’investissement.

Avant d’investir dans un produit, l’investisseur doit comprendre entièrement les risques et consulter ses propres conseillers juridiques, fiscaux, financiers et comptables.

Cet article est réservé aux abonnés insiders.

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