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📺 Essential Videos 📺
Uniswap Review & Guide 👉 https://youtu.be/GREUQeHpQeQ
Ethereum Scaling 👉 https://youtu.be/bz0y5zUZBaE
Uniswap vs. Pancakeswap 👉 https://youtu.be/7rEqGX4eRnk
Recent Decentraland Video 👉 https://youtu.be/CShLE6xg-7M
– TIMESTAMPS –
2:09 Uniswap Recap & AMM Explanation
4:50 Liquidity & Impermanent Loss
6:30 LP Tokens & DeFi Composability
8:24 Uniswap V3 Explained
10:09 Concentrated Liquidity
12:38 Capital Efficiency
14:34 LP Risks & Features
17:41 Uniswap License
19:25 UNI Token Analysis
21:40 Final Thoughts
⛓️ 🔗 Useful Links 🔗 ⛓️
► AMM Concept by Vitalik Buterin: https://vitalik.ca/basic/2017/06/22/marketmakers.html
► Uniswap LP Tokens On Aave: https://medium.com/aave/aave-amm-market-released-73ae76a7cbc0
► Ethereum Optimism Delay Explanation: https://optimismpbc.medium.com/optimistically-cautious-767a898f90c8
► Curve Finance Explained: https://www.coinbureau.com/assessment/curve-finance-crv/
► Uniswap Blog Post About V3: https://uniswap.org/weblog/uniswap-v3/
► Uniswap V3 Whitepaper: https://uniswap.org/whitepaper-v3.pdf
🦄Uniswap Recap & AMM Explanation🦄
Uniswap was based within the fall of 2017 by mechanical engineer Hayden Adams. Uniswap is a proof of idea for an on chain automated market maker protocol detailed by Vitalik Buterin.
In distinction to the order books you see on centralized exchanges, automated market makers or AMMs decide the value of a cryptocurrency primarily based on the ratio of two cryptocurrencies inside a pool.
🥃Liquidity & Impermanent Loss🥃
If you’re questioning the place all of the crypto in these AMM swimming pools comes from, the reply is liquidity suppliers AKA LPs.
LPs present the suitable ratio of each property to an AMM pool to obtain a minimize of the buying and selling charges going down in that pool as a reward for doing so.
The distinction in income between offering liquidity and simplifying holding the cryptocurrency concerned is named “impermanent loss”. This loss turns into everlasting if funds are withdrawn.
💱LP Tokens & DeFi Composability💱
Whenever an LP offers two cryptocurrencies as liquidity to an AMM pool, they’re given a corresponding quantity of ERC-20 LP tokens which can be utilized to redeem the liquidity.
These LP tokens are one of many backbones of DeFi as they can be utilized in different protocols and dApps to lend, borrow, and earn rewards.
👨🏫Uniswap V3 Explained👨🏫
Uniswap V3 has been within the works since final spring, and The particulars for Uniswap V3 have been formally revealed on March twenty third.
The reception was blended given it doesn’t do a lot to handle Ethereum’s excessive gasoline charges. It will likely be launching on Ethereum on May fifth and on the Optimism scaling answer in the summertime.
Concentrated liquidity fully redesigns the way in which LPs can present liquidity for AMM swimming pools on Uniswap by letting them select which value vary they need to present liquidity for.
🤑Capital Efficiency 🤑
As a consequence of concentrated liquidity, liquidity suppliers can earn as much as 4000x extra in buying and selling charges for offering liquidity.
👀LP Risks & Features👀
Another byproduct of with the ability to present concentrated liquidity in V3 is a rise in impermanent loss, and the chance that your liquidity will likely be made inactive.
Also, because it gained’t be attainable for a single ERC-20 LP token to characterize all these totally different concentrated liquidity positions, LPs on Uniswap V3 will obtain NFT tokens that characterize that liquidity.
Uniswap V3’s code would require a license to make use of for the primary two years after it launches. This is to forestall the venture from being forked by different builders within the area, which has occurred many occasions.
💸UNI Token Analysis💸
At first look the UNI token appears overvalued relative to the entire worth locked in Uniswap. However, UNI tokens are capable of vote to say a portion of all buying and selling charges on the DEX, which may present them with profitable passive earnings. This appears to have been priced in.
📜 Disclaimer 📜
The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who will not be a licensed monetary advisor or registered funding advisor. Trading cryptocurrencies poses appreciable danger of loss. The speaker doesn’t assure any specific consequence.
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