Crypto Academy Week 7 - Homework Post for @gbenga. Uniswap
@gbenga tanks
The defi system has become the next big thing to take shares out of the old cefi economic system. It is a set of finance applications created so that no governmental entity controls them, i.e. it does not ask for permissions to issue shares. Within this efficient ecosystem we can talk about an application widely used by people.
fuente
Uniswap 
pixIt is a decentralized Dex exchange, since it was launched in 2018 thanks to the ethereum foundation that contributed $100,000 for the funds to create this project. It is based on smart contracts therefore it is linked to the ethereum blockchain. It has its own native UNI currency that is compatible with ERC-20 tokens, as it is open source it could be said that anyone can copy its code and create another application. It has the strength that the owner of the assets has full control of his account and no third party has the power to manipulate his assets.
The uniswap governance token has the strength of empowering its holders within the platform to make decisions and updates within it. In other words, the token holder has a voting voice within the platform. This platform has eliminated the order books that exist in contact markets, since it works by providing pools of liquidity approached by investors that are used by traders who wish to order liquidity and trade or invest in another currency, in return each liquidity provider gets interest rates for offering that asset. The fact of owning its own tokens has given it the possibility to position itself in the market per asset and to position itself as an asset of its own.
pix
Uniswap has two types of contracts to enter our assets. Smart contract to exchange coins within the platform.
smart contract to enter new tokens within the platform.
purpose The purpose of this big one is to provide token exchanges on the ethereun blockchain, to provide fast liquidities. For example if I want to change platform or want to invest in a new ethereum project this platform is the right one to change our token holders to investment tokens.
Thanks for being a part of my class and for participating in this week's assignment. I hope you learned from the class as the aim of the school is to teach and allow people to learn alongside.
Remark
Your post didn't explain a little about a Defi Ecosystem, more so, you didn't write extensively on how Uniswap works.
rating 3