The decentralized finance sector provides amazing tools for traders to make profits within the market. This is made possible by the massive amounts of crypto services that are available in the sector. The sector works in a clear and dynamic way because these services and products are provided to users without the need for an intermediary. One of the many protocols that provide these services is Uniswap. One of the aims behind setting up Uniswap is eliminating third-party apps, hacking and excessive fees. In this article, we will be looking at Uniswap and how to stake tokens on the platform.

Uniswap is a decentralized exchange developed on Ethereum, whose main focus is helping traders swap tokens based on the Ethereum blockchain. The exchange is known for its fast speed and efficient trading. This is made possible through the elimination of third-party financial institutions. Instead of matching sellers and buyers, who determine the price of assets and make trades, Uniswap does this through a math equation and a token pool.

Unlike most traditional decentralized exchanges, Uniswap does not run on any order book. Instead, it uses Constant Product Market Marker to carry out its activities. CPMM is a subtype of the usual Automated Market Maker used in the DeFi market. The AMM works in a way that trades can carry out trades against assets in the liquidity pools. However, traders also fund the liquidity pools by adding tokens to the pools. To become a liquidity provider on Uniswap, a trader must deposit the same amount of two tokens into the pools. When traders carry out trades, they pay fees which are then passed on to other traders who provide liquidity on the platform.

Staking on Uniswap is pretty straightforward, unlike other decentralized exchanges requiring you to do some technical stuff.

The first step in staking your tokens on Uniswap is to get an Ethereum supported wallet. This is important because Uniswap is built on Ethereum, and most of its activities will require a wallet that supports Ethereum. For the sake of this tutorial, we will be using MetaMask.

In the second step, you will need to buy some Ethereum and send them into your MetaMask wallet. The Ethereum you will buy will be used to offset gas fees when you are about to stake the token of your choice. With all this done, the next step requires you to send the total amount of token you wish to stake into your MetaMask wallet.

In the next step, you will need to enter the staking portal on the Uniswap page. After you gain access, you will be required to connect your wallet to the portal. However, you should note the kind of permissions you will allow when accessing sites with your wallets. You can then go ahead and stake any amount of your token that you wish to, paying your gas fees in Ethereum.

Staking is one of the easiest forms of making profits in the decentralized finance sector. Users can earn a predefined reward for any amount of token they stake on their respective platforms. Traders can also stake tokens on Uniswap through other websites. However, traders need to be vigilant if they are to carry out any activity in the sector. This is because fraudsters and hackers are always on the prowl, and they might fall into the wrong website if they are not well informed. This is why it is mandatory to research before doing anything.

Sushiswap and Uniswap have brought the next revolution in swapping. In a centralized exchange, traders have to incur huge fees. Whereas on a DEX, they can bypass this odd. With that said, do you wish to swap your profits at a minimal cost this bull season? If your answer was a big yes then the above-mentioned exchanges are your go-to point. In this article, let's find out the difference between Uniswap and Sushiswap. 

In order to better grasp the difference between both exchanges, here's a cool table that portrays the main differences in numbers between Uniswap and Sushiswap. The below figures are as of November 5th, 2021.

Uniswap has been old and renowned. Despite this fact, Sushiswap has the potential to catch up. Investors are looking for better returns. Sushiswap has introduced wrapped token concepts and yield farms to answer their calls. All of these processes make us wonder which one to pick. As of now, this could well be a tie between Uniswap and Sushiswap, but we are not sure about the future. 

Important Notes:

1. *A token with lower P/S is a better performer than a token with higher P/S. One thing to watch out for, the protocols must be the same to do the comparison.  In price to sales ratio, Sushiswap enjoys an upper hand over Uniswap. The reason for the same is because it owns 66% liquidity and over 55% of revenue. All these figures make Sushiswap a complete dominator over Uniswap. 
2. Judging by the equation of P/V, Sushi makes more money than Uni even at a low market cap. Despite this fact, investors likely connect more with Uniswap for being old. 
3. The P/V, the ratio identifies how the market is evaluating the protocol. Here, volume plays a key role. 

Decentralized exchanges are marketplaces that work on a peer-to-peer basis. This means that the traders in the market carry out their activities without any management. Management, in the case, that there is no financial third party or custodian. To carry out transactions, traders use smart contracts. A smart contract is an agreement code that is written to facilitate transactions.

The creation of Decentralized exchanges was based purely on the need for eliminating authorities. This is why most of the transactions are strictly peer-to-peer. This means that the buyers of a particular asset are linked to the sellers. With the market non-custodial, traders are the ones holding the private keys of their wallets. In this article, we will be looking at the top 5 decentralized exchanges on Layer 2.

Decentralized exchanges are protocols that enable users to use smart contracts to carry out transactions. This is because the activities in the decentralized finance sector are done without the need for a third party. Centralized exchanges are owned by investments looking to make profits and monitor most of their activities. In turn, they are responsible for the safekeeping and regulation of the exchange. Unlike them, decentralized exchanges users are responsible for their safety in the market. This way, they are in charge of their keys and can interact directly with the smart contracts on such exchanges.

The majority of the decentralized exchanges in the DeFi ecosystem are housed on blockchains that allow smart contracts. This is the same blockchain that traders use to keep their funds safe. To carry out transactions, users pay small fees, which are usually charged with the trading fees. In summary, traders who intend to carry out trades on decentralized exchanges must interact with smart contracts. There are majorly three types of decentralized exchanges: DEX aggregators, Automated market makers, and Order books DEX.

Decentralized exchanges built on Layer 2 provide their users with many benefits, including zero or low transaction fees. Asides from that, there is the speed of settlement and massive scalability. These are made possible by taking transactions away from the main blockchain while ensuring the security is still maintained. Layer 2 provides that traders on decentralized exchanges enjoy all the benefits of a centralized exchange while still controlling their funds. Below are the top 5 decentralized exchanges on Layer 2.

Uniswap v3 is an upgrade to the previous version of Uniswap ( v1,v2) that launched in May. The decentralized exchange is based on Ethereum and uses the same Automated market maker as the previous v2 model. Asides from that, it provides a lot of benefits to users and liquidity providers of the protocol. Some of its features include minimized risks, eliminating or minimizing price slippage, and helping traders and liquidity providers increase their profits.

The protocol developers rolled out three main features: concentrated liquidity, oracle feed development, and new fee tiers. Uniswap v3 development was necessary due to users' complaints about congestion and increased gas fees on the Ethereum blockchain.

The concentration liquidity feature allows traders who provide liquidity to set their price range before depositing liquidity. This means that their rewards will be based on tiers from their risk in a liquidity pool. Asides from that, the gas fees issue vanished after the Uniswap v3 worked on Optimism, a layer 2 scaling solution. Also, swap fees are no longer at 0.3% as on the v2. It now has fee tiers ranging from 0.05% to 0.30% and 1%. This means that the risks increase as a liquidity provider decides the assets they supply to a token pair.

The dYdX protocol is a decentralized exchange that allows the trading of perpetual contracts using low fees. It also provides excellent liquidity and a leverage of up to 25x. To offer its users a great seamless trading experience, it launched on StarkWare, a layer 2 protocol. With the recent surge in the gas fees on Ethereum, dYdX provides users with this scalable solution. StarkWare also has a zero-knowledge roll up which affords traders maximum privacy.

The protocol also allows traders who intend to withdraw their funds to its Layer 1 on Ethereum. Traders holding the DYDX tokens can control a portion of the platform, earn discounts on trading fees, and participate in governing the protocol. DYdX also uses a standard protocol to help governance and the community on the platform.

SushiSwap is a decentralized exchange forking from Uniswap. Not only can traders swap tokens, but they can also carry out other services using the exchange. Just like all other decentralized exchanges, SushiSwap makes use of smart contracts to complete trades. Traders can also provide liquidity so that others can complete trades.

As mentioned above, SushiSwap completes transactions using smart contracts. It is an automated market maker. Users of the exchange lock up funds in liquidity pools which house pairs of tokens used to complete trades. Also, staking and lending services happen on the platform. Using the Polygon network, Sushiswap provides users with low fees on trades and fast processing instead of the congestion on Ethereum.

Quickswap is a DEX forking from Uniswap. It was developed in October 2020 on the Polygon network, which is a Layer 2. With its deployment on Polygon, users of QuickSwap enjoy lower transaction fees and fast transactions compared to Ethereum. Holders of the QUICK token, the native token of the protocol, have exclusive rights over changes made in the protocol.

The protocol started to solve the issues plaguing Ethereum at the period. These issues, including fast transactions and low fees, were enough to push users out of the DeFi sector. With its development on Polygon, QuickSwap completes about 65,000 transactions every second. QuickSwap also has features like Dragon Lair, which allows users to earn rewards from staking the native QUICK tokens of the network.

Curve is an automated market marker DEX that initiated on Layer 2, Polygon. It allows users to exchange tokens and wrapped assets with very low fees. Asides from providing liquidity and earning rewards in turn, users can earn rewards through yield farming on Aave. The main reason Curve moved to Polygon was due to the massive congestion and high fees on Ethereum.

The major reason why traders will want to consider these decentralized exchanges is because of their scaling solutions. With Etheruem based exchanges suffering great congestion and high transaction fees, these layer 2 exchanges eliminate those. However, traders should note that they should research a lot in order to pick out the best. This is because things change, and decentralized exchanges provide new features on their protocols every day.

This article is a complete guide on how to swap on Sushiswap. SushiSwap is one of the most well-liked decentralized exchanges. This exchange is based on the Ethereum network. Sushiswap is a hard fork of Uniswap. It enables users to connect to various systems like Ethereum, Binance Smart Chain, Polygon. Let's take a look. 

As mentioned earlier, SushiSwap is a decentralized exchange. It has succeeded in reaching hundreds of millions in trading volume, putting itself among the top DEX’s. People can utilize the SushiSwap platform to trade, swap tokens, put liquidity, decentralized lending/borrowing exchange, yield farming, and staking.

To use any decentralized exchange, users need an Ethereum address and an extension. SushiSwap allows various wallets such as MetaMask, WalletConnect, Lattice, Coinbase Wallet, Fortmatic and Portis. In this guide, we will utilize MetaMask. Users can download and then install MetaMask from here.

After installing MetaMask, users should create a new Ethereum address or carry their current one utilizing their Private Key. Next, just click on the MetaMask extension and then on the top right icon. After this, select ‘Import Account’ and enter private key. Now they will have access to their Ethereum account via MetaMask.

The main purpose of SushiSwap is to swap cryptocurrencies. To execute this users should go to the official website and click on Connect to a wallet on the top right.

There are various alternatives to pick from. Users should first select the MetaMask and the Ethereum address they want to apply and then click on Connect. After the connection is established, users will be able to verify their existing tokens and swap them. Also, users can add liquidity on SushiSwap.

First visit the page here. After this, connect your wallets to access the platform. For this, Click on the Connect to a wallet button. There are various wallets. As mentioned earlier, we are using MetaMask wallet. The next step is to select the network. SushiSwap allows users to connect with various networks such as Ethereum, Fantom, BSC, Polygon(Matic), HECO, xDai, Harmony, Avalanche, and OKExChain.

After selecting the preferred network, the next step is swapping. To accomplish this, users should first select the input and the output token. Next, they should enter the amount of the input token that they want to use on swapping with the other token. After entering the amount of input token, the output token will automatically be calculated and displayed. Users should confirm this entire process by clicking on the Confirm Swap button.

The decentralized finance sector is now awash with various Automated Market Markers. Mirroring Uniswap, protocols like QuickSwap are changing the standard across the industry. QuickSwap, a polygon-based platform, provides the same functionality as Uniswap. Despite Quickswap being a fork of Uniswap, most users now prefer to use the platform. In this article, we will be looking at Quickswap and a detailed guide on using the platform.

QuickSwap is a decentralized exchange that is based on the Polygon blockchain. It makes use of the AMM model to help users in their exchange activities. The decentralized exchange allows its traders to make their trades directly from liquidity pools. This is because it does not have an order book. Traders who choose to trade Ethereum based tokens can move them to the blockchain using one of QuickSwap's liquidity pools.

QuickSwap allows users to start their liquidity pools by providing liquidity and earning rewards. To users who have often used Uniswap in the past, QuickSwap takes a look and feel of the decentralized exchange. Just like most DEXs, traders can carry out their activities without being mandated to complete KYC. The platform is safe, considering that its developers use the audited code from Uniswap.

Polygon is an infrastructure that allows developers to create networks that are compatible with Ethereum. With its Layer-2 ecosystem, the blockchains can interact with one another. The Polygon Network uses the Proof of stake Consensus and acts as a side chain for QuickSwap. Polygon is one of the most popular networks in the DeFi sector. This is because its transaction fees are cheaper and is fast in terms of scaling. Anyone willing to carry out trades will be required to pay transaction fees in MATIC tokens.

QuickSwap creates liquidity pools using the Automated Maker Model. With this, users on the platform will be able to swap their tokens. Instead of traders acting as makers or takers, they are mandated to use a smart contract. Anybody who wishes to create a liquidity pool must deposit a pair of coins with the same value. The liquidity providers are given tokens that act as their share in the pool.

If a trader decides to reclaim his tokens, the platform burns the tokens in the liquidity pools. To make more interest, a user might choose to add a third-party app to allow yield farming. The AMM model that QuickSwap uses rewards providers of liquidity with 0.3% fees. These fees are shared in relation to how much liquidity a user provides. QuickSwap uses a method called the Constant Product Market Maker to determine the price of the tokens.

To access the QuickSwap platform, you can use your desktop computer or mobile phone. Using whatever browser and device you wish, you will need to log on to the platform's homepage at quickswap.exchange.

After heading to the platform, the next step will be for you to connect a wallet. You can use various trustworthy extension wallets on your desktop and apps on your mobile. One important thing is to ensure that the wallet you choose must support the Polygon Network.

In the next step, you will be required to hit the swap button to exchange whatever tokens you want. You will have a list of tokens to swap from and a list that you can receive. Once you have chosen the tokens you wish to; you can now click the swap tab.

After hitting the swap tab, a prompt comes up, asking you to confirm your choice, and the token you swap to will be available in your wallet. Furthermore, you can buy the QUICK token from various exchanges across the crypto market.

QuickSwap is another platform that provides decentralized trading options for traders in the sector. This is because you can use the platform to carry out cheap and fast transactions. Another plus is that you can use the platform to trade ERC-20 tokens without congestion or high transaction fees from Ethereum. Even though Ethereum has promised to fix that in the ETH 2.0 upgrade, traders can still use QuickSwap to their advantage.

Of all the cryptocurrencies that saw massive success in 2021, Uniswap is possibly one that has gained the most traction. According to data on CoinMarketCap, Uniswap (UNI) started off with an exchange value of $5.17 at the beginning of 2021. By May it had already climbed up to a value of $44.97. Should you buy Uniswap?

Although the value of Uniswap has gone down by a bit since then, many traders and investors alike are scrambling to get their hands on UNI before it’s too late. Therefore, it is important for all enthusiasts to understand what Uniswap is and why it has become so popular in 2021. To know more about bitcoin trading you may visit BitIQ.

This article is a guide about Uniswap (UNI), outlining what Uniswap is, how it works, and lastly, whether or not you should buy it. By the end, you will have a much better understanding of whether you should buy Uniswap in 2021. 

Uniswap is a decentralized cryptocurrency exchange. Moreover, UNI is the native cryptocurrency of the Uniswap exchange. Decentralized crypto exchange gives users the ability to make trades and transactions without any third-party intermediaries regulating them. 

Decentralized exchanges have the advantage of being entirely transparent and peer-to-peer, which means that the Uniswap exchange is completely collectively managed and community-run. 

Moreover, like other decentralized exchanges, Uniswap is anonymous, which means that you don’t have to provide the site with any kind of personal data to be able to trade. All you have to do is connect your crypto wallet and you’re ready to go. 

However, this has proven concerning for authorities, who claim that the unregulated nature of anonymous trading apps makes it possible for them to be used for finance terrorism or money laundering. For this very reason, most centralized exchanges require proof of the user’s identity before they can begin trading. Moreover, this is the reason why the E.U has recently proposed to ban all anonymous trading apps and services. 

Having said all that, in the year 2021, Uniswap proved itself to be one of the few decentralized exchanges in the U.S that is trying its best to stay on regulators’ good side. As an example, in response to what it dubbed as the ‘evolving regulatory landscape’, Uniswap announced that it would discontinue the trading of certain tokens on the exchange. 

After seeing the massive hike in the exchange value of UNI within the first 5 months of 2021, many average internet users, crypto traders, and crypto investors/stakers alike are wondering whether or not they should buy UNI in 2021. Before you invest your hard-earned money into this seemingly promising cryptocurrency, however, consider the following points. 

First of all, cryptocurrency values are very unpredictable and fluctuate all the time. Moreover, just because UNI saw a massive increase in value at the start of the year, does not mean that this trend will continue. As such, it probably isn’t the best idea to invest based on the hopes of another value jump before the end of the year. 

Furthermore, it can prove more useful to invest in a cryptocurrency or crypto project that you think will perform well in the long term. Therefore, before investing in a cryptocurrency of your choice, make sure you do ample research. This includes reading reviews, studying the whitepaper, and researching about the company that developed it. 

As cryptocurrency projects continue to expand in reach and capability, more people will inevitably flock to what they consider to be the next promising crypto investment out there. However, before investing in any cryptocurrency, including Uniswap, it is essential that you understand the risks involved and do your research to understand where the cryptocurrency stands and what its trends look like.