What is Uniswap? (Animated) Decentralized Exchange + UNI Token
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- Опубліковано 30 кві 2021
- In this video, we explain what the Uniswap Decentralized Exchange is, including the purpose of it and the reason for the UNI token. There are 2 main uses for Uniswap.
So you could be a token swapper, and change your ETH for BAT for only .03%, which is useful to many traders. In fact, Uniswap currently has over one billion dollars trading each day.
Another main use is you could be a liquidity provider, and earn a return on your investment by lending it to the pool. Right now, there are 9 billion dollars in all of the pools on the Uniswap exchange.
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Guys, this is the best explanation of Uniswap. I watched three other vids on this topic that were so convoluted and dry, it made me wanna cut myself deep. Well done!
Thanks for the kind comment Ryan! We appreciate you watching and giving us feedback.
These explainers are next level
the intro part just reveal how the finance system runs now, so powerful!!! short intro, big impact to viewer👏👏👏
Just browsing your videos and learning about different things. This one helped me understand how someone can become a crypto day trader. Well done, I really appreciate the layout and thoughtfulness behind these videos.
This youtube channel is going to blow up, Whiteboard is providing us with straight facts. Please never deviate from that value you guys instilled in this channel. Big subscriber keep dropping gems, I'm here for the long haul.
These videos are amazing!! You explain things so thoroughly and clearly! So Grateful for your hard work on every video
This being my third video on Uniswap (browsing) and this made the most sense to me. Grateful gang
What a great way to explain this concept in a simple and undestandable way! I very much value what you have done for me. I send you all the blessings in the world !
Thank you, have been watching your channels for couple of weeks now and it's really good and really helping me through
I'm 50% ADA 50% BTC 5 year hold
ADA and DOGE, a winning combination
Like you said, those are the only two i see holding at this time
When did ETH go from 6% to 5% when staking to ETH2?
Thanks you for your update am long term holding. I love dogecoin
Super in-depth and helpful explanation of Uniswap. I haven't used any DEXs yet and wanted to know more about then first before using them. Thank you! - Brad
You're gonna blow up bro, great work and thank you!
I had to close my 20 year business in 2021 went into depression and also health issues, this video reinstated the confidence in me moving forward with something new. Thank you for this video and kudos to JAMES ,I know this is time for next millionaires to invest in the market
It's easy to be an investor during the good times. It's hard to be an investor during the hard times. If you want to be a successful investor,
how do i contact james? have been hearing a lot of good stuff about him
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You're right, an investor with decades worth of time should be doubling down on value and dividend stocks.. heck, especially now when the market is where it is… steep discounted pick ups for long term consistent gains… JAMES is the right professional
Exactly man! We are in such a prime time right now to be investing with JAMES. What an opportunity.
Really good explanation, and appreciate the creativity with the relatable analogies
You guys always do an amazing job on your videos! Well done!
This channel is litearlly a Crypto University, love your work!
The Uniswap icon is an incredible piece of art.
Your channel is absolutely amezing , your explanations and drawings are very easy and simple to understand that even my parrot can learn content of the video .
Keep it up guys and thank you for existing !
The counts for all your videos !!!
Nice video, as always. Keep the spirit to educate.
Great videos! I laughed at the small Etherium fees
The content on your channel is Gold! Thank you.
This channel is essential viewing for anyone new to crypto!
these videos are really great. you're one of my fav channels..!
Love your videos. Am currently writing my project
I bought uniswap before watching this video. I would not have bought uniswap tokens knowing what I know now. thank you
First time seeing your video .. Fantastic great job
Thank you so much. I was trying to figure the site out.
You are a legend for these videos! thank you
Awesome teacher. I can understand everything very well. Thanks
I love your videos man! Very informative! Keep it up
Wow, a crypto explanation I actually understand. Thank you
Best explanation. Dropped a like and shared 👍
Great and easy to understand. Can see the effort that went into this videos. Just based on that a thumbs up and a sub
Really appreciate that Daniyal! Both of those help us a ton :)
Would you guys consider buying this, AVAX, or Polkadot?
I think he just pays a service that automatically creates these drawing animations.
But either way, awesome channel.
Subbed
Great video. Thank you! Subscribed
Man what you're doing is fucking brilliant man. That's what the world needs
Wow. This was a really good and simple explanation.
Wow! Great explanation! Thanks!
THE CALCULATIONS AT 5:31 ARE WRONG!
------------------------------------
0.3% x 10/day x 30days = 90% per month
=1080% per year (ROI)
(Which makes sense now when seeing Liquidity pools that pay 1080% return.
-------------------------------------
Hope that helps! :D
Thank you so much for these amazing videos! Hope we can change that for us!!
Well done on the High-Quality content. :)
Really really awesome video!! Keep making such amazing videos. 👍👍
As usual ur explanation is exceptional
Woao dude! Best videos ever I love your process I love that I get what u explaining keep it up!
Great stuff. Thank you for this.
Great video and explanation thank you
Uniswap tokan really gona be big in future.
awesome! Talk about contracts and interactions with it!
I appreciate the info and I guess the 🦄 Symbol is an added bonus 💓
New sub, thanks for the content!
Appreciate it! Glad to have you in the community :)
Fantastic explanation!
Beautiful explanation
easy to understand.. love it!!
Awesome Explaination!!!
Whiteboard Crypto is a lifesaver! Great content! Easy to understand. I really hope you have some kind of course in Udemy.
This is sooo good!
Thank you so much
quite good videos, i searched a few videos of AMM and Uniswap, this video is the better one.
This is the type of feedback that pushes us to make better videos - we were there too, a lot of the videos out there are quite dense or boring, we hope to fix that :D
@@WhiteboardCrypto hi, i have a question on AMM. If i add liqudiity to the pool, it seems that I can see the preferred range. E.g: 1ETH=USD 2400 now, I can "place it" /"add it" if it hit the ranges usd 2680-2720. If ETH rises to that level, my "liquidity"/"eth" is finally sold at that level.?
or is it just be affected once i decide to pull it out from the pool if it hits that level. so that i earn some money by selling high?
I have read a few articles on it, but i do not get it clearly.
Nice meeting me here
Thank you for video 🧐
Nice work
Like button pressed ✅
Great explanation. Thx
Great work
Thanks a lot
Uniswap is the best in terms of Marketcap. I'm also into using new DEX's with creative ideas, like Hydranet that allows cross-chain swaps on layer 3.
very concise explanation! 30th sub here.
Thanks, we really appreciate it :)
-T
Nice vid, bro! What do you consider about MUNCH tho? They’re skyhigh with their charity platform. And there’s a rly low mcap.
This is pretty dope!
My new favorite channel. You just made this so easy for me to understand. Thank you!
amazing as always.
thank you
Phenomenal video.
nicely explained
good job !
very good video
Who decides the total and audit's each side or 8 for that matter? Other than verifying on the chain?
in 5:58 , Which is better? being a token swapper or being a liquidity provider? I hope you could also explain both of these terms as well in your videos.
Just asking cuz im not sure, if I decide to become Liquidity Provider that means that im Staking ( eather my coins, tokens or fiat ) , correct ?
Thanks for the video, very easy to understand. I liked and subscribed. :)
Question: If Uniswap is decentralized and automated, how does owning the UNI token and voting change how it works? Are the smart contracts underlying Uniswap written to automatically enact any code changes approved by the majority of token holders?
This is roughly how the platform works, yes :)
@@WhiteboardCrypto Sounds like one of your fellows, hehehehe, right?
what is the diference between trading crypto in uniswap, or trading crypto in binance
😊 thanks
Thank you (:
Question: at 3:52 , the "selling of Ethereum at a higher price", is it assumed that the Ethereum is in the same scenario with the BAT? Hope you understand what I'm asking
Earned a sub!
Bro how do u make such a beautiful video? What app do u use?
Nice
Good stuff! How come u don't have a patreon or premium subscription option?
Good video like it 👍
okay so how is this uniswap shares goes down , for your previous example shares should be always up , because basically its same as bank loans , then how it goes down ?
Hi. I have a question. Why would people swap tokens in the first place?
Really great work! What program do you use to make these drawings/illustrations?
Fiverr probably
Can you tell us about Rango exchange ? the first multi-chain dex aggregator
First of all, love your channel! I'm not sure what you mean when you say 'no taxes' at 6:27. Swapping one cryptocurrency for another is considered a taxable event so you'd still have to record a capitol gain or loss on that trade.
Uniswap doesn't report your transactions to any government entity. You'll still owe tax depending on your country's rules. In the US for instance, you're definitely going to need to track and report your transactions and report your income... but you'll have to do that yourself. Uniswap is not going to send you a 1099 form for example.
At 03:55 wouldn’t the next person be selling ETH at a lower price, given the fact that the previous transaction left more ETH in the pool?
Ok so its like the users become the bank. but my question is the following, why would someone one would like to trade a crypto for another one? what is the value in that?
great
i enjoyed it
So I need Ethereum tokens to be an LP on Uniswap? I was hoping to pool my BTC for some extra money
so basically the liquidity provider is like a broker in stocks but it's in crypto?
Question: who is running the server for uniswap? eth miners?
Are the rewards for being a liquidity provider paid out in UNI? Reading their docs it wasn’t entirely clear.
how do you become part of the uniswap liquidity pool?
How about new DEX's like Hydranet? It's the only Decentralized Exchange that provides cross-chain swaps on layer 3.
So it's more efficient, digitalized barter?
"and you pay a very, very small fee" - something like 100$ on Ethereum :-)
Although luckily, Uniswap is also on Polygon since few months, but the problem is that most exchanges take huge fees when you withdraw MATIC or ETH from your account, so it's still not small fee for most exchanges :-(