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– TIMESTAMPS –
2:09 Uniswap Recap & AMM Rationalization
4:50 Liquidity & Impermanent Loss
6:30 LP Tokens & DeFi Composability
8:24 Uniswap V3 Defined
10:09 Concentrated Liquidity
12:38 Capital Effectivity
14:34 LP Dangers & Options
17:41 Uniswap License
19:25 UNI Token Evaluation
21:40 Remaining Ideas
⛓️ 🔗 Helpful Hyperlinks 🔗 ⛓️
► AMM Idea by Vitalik Buterin:
► Uniswap LP Tokens On Aave:
► Ethereum Optimism Delay Rationalization:
► Curve Finance Defined:
► Uniswap Weblog Submit About V3:
► Uniswap V3 Whitepaper:
🦄Uniswap Recap & AMM Rationalization🦄
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 worth of a cryptocurrency based mostly on the ratio of two cryptocurrencies inside a pool.
🥃Liquidity & Impermanent Loss🥃
In case 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 belongings 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 earnings 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 This loss turns into everlasting if funds are withdrawn.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💱
At any time when 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 Defined👨🏫
Uniswap V3 has been within the works since final spring, and The main points for Uniswap V3 had been formally revealed on March twenty third.
The reception was combined given it doesn’t do a lot to handle Ethereum’s excessive fuel charges. Will probably be launching on Ethereum on Could fifth and on the Optimism scaling resolution in the summertime.
Concentrated liquidity utterly redesigns the best way LPs can present liquidity for AMM swimming pools on Uniswap by letting them select which value vary they wish to present liquidity for.
🤑Capital Effectivity 🤑
As a consequence of concentrated liquidity, liquidity suppliers can earn as much as 4000x extra in buying and selling charges for offering liquidity.
👀LP Dangers & Options👀
One other byproduct of with the ability to present concentrated liquidity in V3 is a rise in impermanent loss, and the danger that your liquidity might be made inactive.
Additionally, because it gained’t be potential for a single ERC-20 LP token to characterize all these completely 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. That is to forestall the mission from being forked by different builders within the house, which has occurred many occasions.
💸UNI Token Evaluation💸
At first look the UNI token appears overvalued relative to the whole worth locked in Uniswap. Nonetheless, 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 shouldn’t be a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable threat of loss. The speaker doesn’t assure any explicit end result.
#Uniswap #UNI #defi #ethereum #ETH #dex #crypto
Source: Coin Bureau