Blockchain-based DeFi projects have been leading the way in recent months.
What Is Uniswap?
Uniswap is an exchange system for cryptocurrency that operates on the Ethereum blockchain. Uniswap is an open-source protocol, meaning anyone can interact with it. It focuses exclusively on trading Ether (ETH) and Ethereum-based assets.
DeFi exchange Uniswap’s transactions are conducted on Ethereum and accompanying gas fees which have, at times this year, reached unsustainable highs.
What makes Uniswap different from others?
There is no trusted middleman to make trades.
There is no order book.
You directly hold your Ethereum-based assets.
Your personal identity is not known.
It’s completely permissionless.
Decentralized exchanges are nothing new. Uniswap isn’t a cryptocurrency exchange in the ordinary sense. It’s basically a framework enabling individuals to swap tokens directly from personal crypto wallets. No intermediaries, no custody, no KYC and no trust required.
Three-way Uniswap makes the magic happen is by providing smart contracts,
Earn fees by adding liquidity
Remove liquidity from pools
How To Build Your Uniswap Like DeFi Exchange On Ethereum Blockchain?
There are two Options to Start a DeFi Protocol like Uniswap:
You can Develop DeFi protocols from scratch based on your business requirements.
You can also get readymade Uniswap Clone Software to kick-start DeFi protocols similar to Uniswap.
Here is a quick explanation about Uniswap Clone,
Uniswap Clone Script
Uniswap Clone Script is a multi-tested, readymade decentralized finance (DeFi) protocol script built on Ethereum Blockchain used to kick-start a decentralized platform for automated liquidity provision on Ethereum that operates 100% similar to Uniswap. The Uniswap Clone Script supports both swapping & liquidity provisions of Ethereum and its tokens.
Explore further to launch instantly!