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UniSwap Exchange (DEX) by bengy

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· @bengy · (edited)
$3.35
UniSwap Exchange (DEX)
<div class="text-justify">

<center>![](https://images.unsplash.com/photo-1533918838523-8d9df152b200?ixlib=rb-1.2.1&ixid=eyJhcHBfaWQiOjEyMDd9&auto=format&fit=crop&w=1360&q=80)</center>

<center>[Unsplash](https://unsplash.com/photos/HtBuc5Ku-tI)</center>


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](https://uniswap.io/) 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](https://www.minnowbooster.com/vote-selling/?ref=493332) .

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!

https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmQgdKBYt2WqqK4iNvDmFsZHUJfu9t62Hz1JxHAwJ7SyoB/thealliance_pagebreak.png




# <center>Keep Your Crypto Holdings Safe with [Ledger](https://www.ledger.com?r=7db72b914099)</center>

[Ledger](https://www.ledger.com?r=7db72b914099) is one of the leading providers of hardware wallets with the [Ledger](https://www.ledger.com?r=7db72b914099) 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](https://www.ledger.com?r=7db72b914099) 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](https://www.ledger.com?r=7db72b914099) is the leading company in providing safe and secure access to your tokenised future!

<a href="https://www.ledger.com?r=7db72b914099"><img width=728 height=90 alt="Ledger Nano S - The secure hardware wallet" src="https://www.ledgerwallet.com/images/promo/nano-s/ledger_nano-s_7-2-8x9-0.jpg"></a>


</div>



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πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 209 others
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vote details (273)
@redlambo ·
re-bengy-uniswap-exchange-dex-20190308t163452898z
You got a 24.87% upvote from @redlambo courtesy of @bengy! Make sure to use tag #redlambo to be considered for the curation post!
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@whalecreator ·
re-bengy-uniswap-exchange-dex-20190308t163556579z
You got a 41.57% upvote from @whalecreator courtesy of @bengy! Delegate your Steem Power to earn 100% payouts.
πŸ‘  
πŸ‘Ž  
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vote details (2)
@coingecko ·
$0.02
We started tracking [uniswap exchange](https://www.coingecko.com/en/exchanges/uniswap) pairs and volume on CoinGecko last few weeks ago. More pairs to be added when the uniswap team is ready!
πŸ‘  ,
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@bengy · (edited)
It is an interesting one! I still have a couple of questions that I didn't get find the answers to... But I suspect I can find easily enough when I have time.

How do you think it stacks up in comparison to other lending protocols (like Compound or Dharma)?
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@brupvoter ·
re-bengy-uniswap-exchange-dex-20190308t174226759z
You got a 16.19% upvote from @brupvoter courtesy of @bengy!
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@joanstewart ·
$0.02
Putting your tokens out to work for you, earning passive amounts is always a good idea. Most don't think along the lines of earning some form of interest off of the investment in crypto, good idea thanks for sharing @bengy

Ledger is another great tool mentioned, safe keeping of coins/tokens taking the value off-line. Taking control of finance completely, means safeguarding earnings as well.
πŸ‘  ,
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vote details (2)
@bengy ·
It's a much better idea than leaving them in a dusty cold wallet!... Anyway, providing liquidity to a DEX is an interesting idea... I'm not sure if it is something that will take off, but at least the tokens and ETH are currently recoverable if it doesn't end up doing much... tomorrow, I have to learn about staking XTZ (Tezos)... I've put it off for ages, but now that Ledger supports it... I'm running out of excuses!
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@steem-ua ·
#### Hi @bengy!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your **UA** account score is currently 4.435 which ranks you at **#2190** across all Steem accounts.
Your rank has improved 140 places in the last three days (old rank 2330).

In our last Algorithmic Curation Round, consisting of 233 contributions, your post is ranked at **#46**.
##### Evaluation of your UA score:

* Some people are already following you, keep going!
* The readers like your work!
* Good user engagement!


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@buttcoins ·
I appreciate this idea of making your crypto earn for you passively.
Somehow the way it works here on steem makes a bit of sense. 
But I’m like nearly 2 months of delegating a percent of my sp.   I did the math.  And it seems like less than 2%.   Now I’m a moron and could be wrong.   But hey ho.. so it goes!
πŸ‘  
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@bengy ·
It's still better than let it sit around if you don't actively use it to curate and get curation rewards!
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@aejackson ·
@bengy thanks for sharing this ETH Pool with the community - I appreciate people like you who are able to stay on top of all the crypto advancements and changes - it all happens too fast for me to wrap my head around sometimes!
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