Archives for “Uniswap”

author By Ganesh on September 25, 2019

Ganesh (Covalent’s co-founder) had the opportunity to speak to a group of product managers last week in San Francisco on Automated Market Making and Uniswap. Most people only know how to use Uniswap as a decentralized exchange. It was interesting to show people how Uniswap works for them as a liquidity provider. To spice things up, we also distributed DAI to all the attendees, so everyone had a chance to participate as an LP.

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author By Ganesh on July 23, 2019

TLDR; We’re launching defistats.io – an independent source for visually exploring the emerging “decentralized finance” use-case on the Ethereum blockchain. We’re launching with 10x analytics for the 🦄 Uniswap exchange protocol featuring 1) the 🔥 trade volumes and liquidity reserves for the ~600 exchanges that make up Uniswap, 2) the individual liquidity providers who contribute including the 💰 returns on their positions and 3) on-chain 💹 prices for the ETH-token pairs from the exchanges on the blockchain.

We will soon expand to other use-cases like lending, derivatives, prediction markets, insurance, etc. There’s a lot more to come – we are only beginning our journey of making blockchain data transparent and accessible. Uniswap’s available today!

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author By Ganesh on April 25, 2019

TLDR; We’ve written a deep-dive on 🦄 UniSwap – a protocol for automated ERC20 token exchanges on Ethereum – using data from Covalent’s API. Our analysis is on 1) the markets that make up UniSwap 2) the liquidity providers who stake their assets in exchange for a cut and 3) the actual users who want to exchange their digital assets. We’ve also open-sourced the real-time data feeds behind the analysis if you want to follow along. 😍

Introduced in the fall of 2018, UniSwap is censorship resistant, has no single point of failure and completely eliminates rent-seeking intermediaries. Unlike other for-profit centralized exchanges, UniSwap has no native token, has no listing fees and the entire source code for all smart contracts is open-source and public.

UniSwap creates a new exchange contract for each ETH-ERC20 trading pair. These contracts internally keep a reserve of both ETH as well as the specific ERC20 token. UniSwap is uniquely differentiated from other decentralized exchanges because it maintains no order book. UniSwap’s exchange contracts set prices automatically using a bonding curve mechanism known as constant product.

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