Unsplash

Okay... I was going to do a music post today, but I got a little distracted by something I just heard about on the crypto podcast "Unconfirmed". The name of the DEX is UniSwap and it is a DEX that is based upon Ethereum and it's ERC-20 universe of tokens.

Basicallly, it is a DEX where you help provide liquidity via a ETH-ERC20 pairing (or you can use it like a DEX to trade and borrow). I have been looking at ways of utilising some of the ETH and ERC20 Tokens that I have sitting around in a long term HODL pattern. However, if they are just sitting, then they aren't potentially working for me. There have been a few protocols out now that allow you to lend tokens and then take a small interest payment for it. In fact, we have a system like that here on STEEM with the SP delegations through services like MinnowBooster .

Anyway, via MetaMask, you deposit an ETH-ERC20 pair into the liquidity pool of the DEX, which gives you a share of the pool. If your part of the pool is used in trades, then you gain a bit of interest on the trade (which is paid out in liquidity pool shares). You can later exchange your pool shares for the equivalent ETH-ERC20 payment (basically, you are removing your stake of the liquidity pool).

The pairing concept is pretty interesting, I'm not a finance sort of guy... but I gather it is something that is already done in traditional finance. Anyway, I will try to write a more in-depth post about it at sometime in the future. At the moment, I was just toying around with the interface and staking a very small amount of ETH-ERC20's pairings to get an idea of how it works!

Keep Your Crypto Holdings Safe with Ledger

Ledger is one of the leading providers of hardware wallets with the Ledger Nano S being one of the most popular choices for protecting your crypto currencies. Leaving your holdings on a crypto exchange means that you don’t actually own the digital assets, instead you are given an IOU that may or may not be honoured when you call upon it. Software and web based wallets have their weakness in your own personal online security, with your private keys being vulnerable in transit or whilst being stored upon your computer. Paper wallets are incredibly tiresome and still vulnerable to digital attacks (in transit) and are also open to real world attacks (such as theft/photography).

Supporting a wide range of top tokens and coins, the Ledger hardware wallet ensures that your private keys are secure and not exposed to either real world or digital actors. Finding a happy medium of security and usability, Ledger is the leading company in providing safe and secure access to your tokenised future!