Uniswap and My Experiences...
Uniswap and My Experiences...

Uniswap and My Experiences...


 

Uniswap and My Experiences...

 

     Uniswap is Ethereum-based Ethereum protocol that emerged for the purpose of exchanging ERC-20 tokens. Uniswap has a decentralized structure. It works with a design called Constant Product Market Maker, which is a variant of a model called Automatic Market Maker. You can read my article about the alternative JustSwap (My process is explained) on Tron side ...

uniswap

 

I supplied liquid to LEND-WETH, WETH-ENJ pools on 05/06 October - 02 November 2020. My aim is to explain the result of the process. I made the transaction with Metamask wallet.

uniswap 1

uniswap finish

 

LEND-WETH pool liquidity

lend-eth

I lost - 14.9% in dollar terms and - 32.13% in Bitcoin terms.

 

WETH-ENJ pool liquidity

enj-eth

In total, I lost - 8.4% in dollar terms and - 26.9% in Bitcoin terms ...

 

btc

 

enjin

The yellow line on the charts shows the value of the token in bitcoin...

 

Result

     First of all, my aim is to explain the result of my surgery. In a declining market, supplying liquid to the pool causes losses. For this reason, you need to analyze the pool and pool tokens you will give in liquid form. Most importantly, it is necessary to closely follow the boss of the market, Bitcoin. Do not think of providing liquid to pools as staking and lending. You need to do continuous analysis. Those who cannot spare time for this should think well. It can be a profitable investment when the markets are stable. I paid a fee while withdrawing my tokens. As I always say, listen to everyone, decide for yourself ...

 

take care, see you... follow me ...

 

     Please browse my articles that will interest you ...

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Journey To The Cryptocurrency Ocean
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