Uniswap has quickly become the top decentralized exchange to use for trading Ethereum and Ethereum-based tokens (ERC20s). Using the swap feature of Uniswap, you can instantly trade tokens on Ethereum without having to leave the interface.
A common use for Uniswap is for trading DeFi tokens - especially up and comers that may not even be listed on major exchanges like Bittrex and Binance.
There is a lot of attention on Wrapped HIVE (wHIVE) and what potential use cases we might see out of that project. Having a wrapped HIVE token on the Ethereum network would allow Hive holders to wrap their HIVE and then utilize wHIVE to trade ERC20’s/ETH on a decentralized exchange like Uniswap.
This is just one use case among hundreds of potential use cases. Having a bridge to the Ethereum network provides a lot of flexibility and opportunity for HIVE hodlers. Hopefully this tutorial shows off just a little glimpse of what’s possible when you have at token on the ETH network.
In this tutorial, I quickly run through the swapping feature and show you how to convert ETH/ERC20’s into ETH or any other ERC20. I use BAT and DAI in this tutorial because of BAT’s latest rally in price.
It made sense for me to withdraw some BAT from a MakerDAO CDP vault that I have and then convert it into DAI and then use the DAI to pay back a portion of the collateralized loan that I had taken out.
Despite the high fees on the Ethereum network, swapping can be a lucrative game. Trading these new coins can also be a risky game, so swap at your own risk!
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▶️ 3Speak
Posted Using LeoFinance
Nice one!
This is a hot topic now :)
Its super simple, but what I find a bit constraining is that you cant browse the markets.
Like you cant search for market pairs etc ... you need to know exactly what are you buying/selling and enter those.
Yeah it's a very hot topic, hopefully we capture some outside attention and bring them back to 🦁
The nature of swapping means that uniswap is less of an exchange and more of a utility to swap from 1 defined token to another defined token. It would be nice to have some charts/markets/more exchange features too
Posted Using LeoFinance
Try uniswap.info
Posted using Dapplr
Thanks!
It's really interesting this development in the cryptosphere. It's simplified trading. I saw that if one is trading HIVE, a minimum of 193 tokens are required.
Posted Using LeoFinance
I love Uniswap, I used it to buy BAND when it launched an ERC-20 and then later converted it to the BNB chain version picked up up for under a dollar and now I'm bawling. Have you started using liquidity pools yet?
The gas fees on these transactions are absolutely INSANE
Posted Using LeoFinance
Well done. Nice job.
Uniswap but on hive and with smt
Posted using Dapplr