Cover art for podcast Unconfirmed

Unconfirmed

169 EpisodesProduced by Laura ShinWebsite

Events in crypto take place at warp speed. This weekly crypto podcast reveals how the marquee names in crypto are reacting to the week’s top headlines. With host Laura Shin, the guests also discuss what they’re thinking about these days and reveal what they believe is on the horizon in crypto. Discl… read more

25:40

How Uniswap Quickly Became One of the Most Popular Dexes - Ep.064

Hayden Adams, founder of the new decentralized exchange Uniswap, discusses how Uniswap differs from a traditional exchange based on order books, how market the contract determines the price of the tokens, and how market making on Uniswap is similar, in terms of payment, to participating in a mining pool. He covers under which conditions it is that a market maker will earn profit, what fees go toward in Uniswap, and how the contract functions as the dollar values of each token in a liquidity pair fluctuate. He describes how Uniswap quickly became one of the biggest decentralized exchanges on Ethereum since its launch in November, why gas fees are lower on Uniswap than other dexes, and how new tokens get listed on Uniswap. Plus, he talks about what regulatory risk he faces, how he plans to make money off the dex, and what he thinks of the idea that Dan Elitzer described in last week's Unconfirmed — people using the Uniswap liquidity pair tokens as collateral for loans.

Thank you to our sponsor!

CipherTrace: http://ciphertrace.com/unconfirmed

Episode links:

Uniswap: https://uniswap.io

Uniswap on Twitter: https://twitter.com/UniswapExchange

Hayden: https://twitter.com/haydenzadams

Explanations of Uniswap:

High level overview by Cyrus Younessi of Scalar Capital: https://medium.com/scalar-capital/uniswap-a-unique-exchange-f4ef44f807bf

Another by Ross Bulat:  https://medium.com/@rossbulat/uniswap-understanding-the-decentralised-ethereum-exchange-5ee5d7878996

Analysis of Uniswap on Token Daily: https://www.tokendaily.co/blog/pnl-analysis-of-uniswap-market-making

The posts by Vitalik Buterin that Hayden used to create Uniswap:

On Reddit: https://www.reddit.com/r/ethereum/comments/55m04x/lets_run_onchain_decentralized_exchanges_the_way/

The comment by Vitalik near the top of this blog post about Bancor: http://hackingdistributed.com/2017/06/19/bancor-is-flawed/

Blog post by Vitalik: https://vitalik.ca/general/2017/06/22/marketmakers.html

Unconfirmed episode with Dan Elitzer on superfluid collateral and Uniswap liquidity pair tokens being used as collateral: https://unchainedpodcast.com/how-to-earn-money-on-collateral-in-defi-and-why-thats-risky/

Educational emoji reaction

Educational

Interesting emoji reaction

Interesting

Funny emoji reaction

Funny

Agree emoji reaction

Agree

Love emoji reaction

Love

Wow emoji reaction

Wow

Are you the creator of this podcast?

Verify your account

and pick the featured episodes for your show.

Listen to Unconfirmed

RadioPublic

A free podcast app for iPhone and Android

  • User-created playlists and collections
  • Download episodes while on WiFi to listen without using mobile data
  • Stream podcast episodes without waiting for a download
  • Queue episodes to create a personal continuous playlist
RadioPublic on iOS and Android
Or by RSS
RSS feed
https://unconfirmed.libsyn.com/rss

Connect with listeners

Podcasters use the RadioPublic listener relationship platform to build lasting connections with fans

Yes, let's begin connecting
Browser window

Find new listeners

  • A dedicated website for your podcast
  • Web embed players designed to convert visitors to listeners in the RadioPublic apps for iPhone and Android
Clicking mouse cursor

Understand your audience

  • Capture listener activity with affinity scores
  • Measure your promotional campaigns and integrate with Google and Facebook analytics
Graph of increasing value

Engage your fanbase

  • Deliver timely Calls To Action, including email acquistion for your mailing list
  • Share exactly the right moment in an episode via text, email, and social media
Icon of cellphone with money

Make money

  • Tip and transfer funds directly to podcastsers
  • Earn money for qualified plays in the RadioPublic apps with Paid Listens