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Philippines
1 Level
14 Review
16 Karma

Review on Uniswap (V2) by Francis D.

Revainrating 5 out of 5

UNISWAP: The decentralized exchange that you would want to invest in for the long term.

I started trading in Uniswap last July and all I could say was it was easy to use and simple. With just connecting your Metamask Wallet using your browser, you could easily trade ERC-20 tokens and ETH without going through any KYC and other stuffs like 2FA. The power of this DEX will be for sure be used by institutional investors in the coming years when they are going to trade here.

Remember, you could also add liquidity or remove liquidity in the platform. When we say adding liquidity, you could earn from fees whenever someone is trading in uniswap pair where you add liquidity. You should be always also be knowledgeable of impermanent loss. I do not like that anyone can create a pool or tokens without verification of the original team of a project. But that's how it is. You need to have due diligence before swapping tokens. The governance power is also quite difficult to pass because of the high threshold of it to have the proposal get passed. So be sure quality proposals are only being submitted. Overall, you could farm using UNI-V2 tokens.



Pros
  • Sleek and simple to use platform as a Decentralized exchange
  • Quick and easy to swap ERC-20 tokens
  • High liquidity on popular pairs
  • Has a governance token UNI
  • Early adopters got UNI tokens
Cons
  • Anyone can input a token name and symbol which could be a fake one
  • Hard to reach governance compliability
  • Lacking of user-interface if you would want to check your fees earned

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