uSwap is a decentralized platform for exchanging Ethereum assets.
Swaps.
Token swaps in uSwap are a simple way to trade one ERC-20 token for another. For end-users, swapping is intuitive: a user picks an input token and an output token. They specify an input amount, and the protocol calculates how much of the output token they’ll receive. They then execute the swap with one click, receiving the output token in their wallet immediately.
Pools.
Each uSwap liquidity pool is a trading venue for a pair of ERC20 tokens. When a pool contract is created, its balances of each token are 0; in order for the pool to begin facilitating trades, someone must seed it with an initial deposit of each token. This first liquidity provider is the one who sets the initial price of the pool. They are incentivized to deposit an equal value of both tokens into the pool. To see why, consider the case where the first liquidity provider deposits tokens at a ratio different from the current market rate. This immediately creates a profitable arbitrage opportunity, which is likely to be taken by an external party.
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USP Frequently Questions
USP will be used as the primary token in uSwap and on other exchanges
What are the objectives of USP?
USP is a stablecoin built on the ethereum platform that will be used in uSwap as a base token, as a stablecoin means the price will always be 1$.
What is USP Total Supply?
USP has a total of 100 million.
Token name?
uSwap
