Review on Uniswap (V2) by Özgün A
Uniswap is getting huge
Investors can exchange Ethereum tokens on Uniswap without having to trust anyone with their funds. In Uniswap, there is a pool where everyone put their existence. Users can make a profit by lending their assets.
If we explain Uniswap in the shortest possible way: Uniswap is an automatic liquidity protocol.
Okay, but how does trading work without the order book?
Since the Uniswap protocol is distributed centrally, there is no listing process. As a result, Uniswap does not charge any admission fees either. In a sense, the Uniswap protocol acts like a kind of public domain.
Uniswap is an innovative exchange system built on Ethereum. It allows anyone with an Ethereum wallet to exchange tokens without the involvement of any central party.
Pros
- Is transparent
- It is a trade based on a liquidity pool
- Makes insecure crypto trading safe
Cons
- High transaction fees
