Decentralized Exchanges — A comprehensive Overview

Figure 1: How Uniswap works⁷

Traders

Mechanism

Fee

Slippage

Liquidity Providers (LPs)

Mechanism

Reward

Impermanent Loss

Conclusion

Table 1: Relevant Smart Contracts on Uniswap and Sushiswap

About basenode.io

Author

References

  1. https://www.forbes.com/sites/philippsandner/2021/02/22/decentralized-finance-will-change-your-understanding-of-financial-systems/
  2. https://metamask.io/
  3. https://uniswap.org/
  4. https://sushi.com/
  5. https://curve.fi/
  6. https://balancer.fi/
  7. https://docs.uniswap.org/protocol/V2/concepts/protocol-overview/how-uniswap-works
  8. https://docs.uniswap.org/protocol/V2/concepts/advanced-topics/fees
  9. https://docs.uniswap.org/protocol/concepts/V3-overview/fees
  10. https://docs.uniswap.org/protocol/concepts/V3-overview/concentrated-liquidity

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Basenode.io

Basenode.io

The easy-to-use portfolio tracker and crypto accounting solution for freelancers