Uniswap works the following way: Investors deposit equal amounts in value of tokens into the dapps contracts. Each Ethereum address that had interacted with Uniswap prior to September 1, 2020 received the ability to claim . Barry Silbert Source: Digital Currency Group Net-worth: $3.2 billion11. As always, we are here to update you with the latest happenings in the Crypto space. This is a super in-depth Roboforex review. When I built the Uniswap Protocol in 2018, it was an experiment to see if I could create something that fully embodied the values of Ethereum: transparent, secure, and accessible. Please enter your email address. Location: Brooklyn, NY Add to My Lists. A venue for trading Ethereum tokens had failed to sufficiently develop after Ethereums 2015 launch. The protocol uses a formula for automatic exchange and is one of the most widely used AMMs today. Uniswap is no different. A more combative DeFi Degen, Chef Nomi was able to create hundreds of millions of dollars of TVL on Uniswap by offering a token reward, SUSHI, for farming on Uniswap. It also didnt help that SushiSwaps pseudonymous chef absconded with (and then returned) a founders reward of SUSHI tokens worth $13 million. As a result, he launched his first song which garnered him a significant amount of attention and income. O.D. Its a highly technical endeavor that necessitates not only the ability to create short run scripts that offer prices, but keep a finger on the markets pulse to earn profit. I was living at home [in the New York suburbs] for a while, Adams said. A Uniswap LPs ability to earn funds passively is striking not only because it allows Uniswap to function, but also because of the larger implications for token holders who become part of an exchanges daily operations via the smallest of thresholds. The protocol uses a formula for automatic exchange and is one of the most widely used AMMs today. Rather, its a poor traders old friend: adverse selection. There was an acute lack of smart contract developers for Ethereum, a smart contract blockchain, Floersch told Adams. The DEX forked from Uniswap and, through a "vampire attack," siphoned TVL from the Hayden Adams-led exchange. Associate General Counsel. Since then,. Putting a sticker tag on liquidity provisioning is dependent on a new phrase in the crypto lexicon, that being impermanent loss. Impermanent loss attempts to measure the price loss an LP takes when a token price moves against the holder in a pool. Uniswap is as much a product of Adams hours as it is the greater Ethereum ecosystem, he said. I think its going to be very. He said AMMs will continue to have a market as long as they can outperform centralized exchange quotes, but that any market set by a curve will suffer from inherent problems centralized order books will not. Brad Garlinghouse Source: Ripple Net-worth: $2.9 billion13. WASHINGTONThe Securities and Exchange Commission is investigating the startup behind one of the biggest cryptocurrency exchanges, as regulators probe further into parts of the digital-asset market. admin Aug 06, 2022 0 Comments. Impermanent loss attempts to measure the price loss an LP takes when a token price moves against the holder in a pool. Yet, through his protocol, he may in fact be King of the DeFi Degens. Hayden adams net worth. . This can be seen actively in markets, Weisberger told CoinDesk. Doing so is difficult. As Noyes writes, it mainly has to do with figuring out how to price liquidity provisioning. By Hayden Adams. To be more specific, its a constant product market, meaning theres always liquidity for a token. It recently launched the UNI governance tokens, which facilitate transactions within the platform. Uniswap is a simple concept that aims to provide liquidity in the chain for . Already the leading decentralized exchange (DEX) by market share last year, it survived the infamous SushiSwap "vampire attack," and has continued to release . (Those questions claim to have been addressed here). Doing so is difficult. The first version (v1) of the Uniswap protocol was published in November 2018 as a proof-of-concept for AMMs (Automated Market Makers). Those few pools matter, though. Bringing Web3 to Everyone. Its a smart contract that facilitates token trades between different parties. industry Finance as a service. Its a highly technical endeavor that necessitates not only the ability to create short run scripts that offer prices, but keep a finger on the markets pulse to earn profit. Bart Stephens Source: Blockchain Capital Net-worth: $300 million54. Uniswap works the following way: Investors deposit equal amounts in value of tokens into the dapps contracts. In 2016 and 2017, decentralized exchanges were even more so in their infancy than now, with Adams pointing to EtherDelta as the best such platform. His next venture in 2014 was co-founding Stellar, a Ripple competitor that aims to speed up cross-border payments. Hayden Adams, the effect of the formation, claims to be the creator of the concept's unique embodiment on Uniswap. Founder of Uniswap . Yet, it took a pseudonymous competitor to really make Uniswap shine in perhaps the most dramatic moment of DeFi Summer: SushiSwap, Chef Nomi and the liquidity wars. First, he bought ETH in March 2017. For example, Uniswap offers ether for sale along with its native token UNI. Of course, hes pretty bullish on decentralization: I basically believe that decentralized infrastructure will be the underlying thing for everything. Articles. Colleagues N/A. Chris Larsen Source: Ripple Net-worth: $4.3 billion7. Roham Gharegozlou Source: Dapper Labs Net-worth: $200 million62. They shared their own experiences with unexpected and unwarranted bank account closures. Still, he envisions a future where traders use Coinbase to trade for tokens but Coinbase uses Uniswap. I was getting very into Ethereum and from that perspective, it was a really great thing. Uniswap is a decentralized application, or dapp, built on the Ethereum blockchain. Apparently Adams hasnt spent as . Nov 5, 2019 We're excited to release a new and improved Uniswap.info We're excited to release a new and improved Uniswap.info with more. Sunny Lu Source: VeChain Net-worth: $50 million92. If you ran a centralized exchange, what would you do to stop the bleeding to decentralized exchanges? tags Engineering, Leadership, Research, Product Development. For example, whats toxic flow? If you run a centralized exchange, what would you do to stop the bleeding to decentralized exchanges? Emin Gun Sirer Source: Avalanche Net-worth: $300 million55. Nothing flashy, just cheap and solid. In my opinion, there is an iron law of markets that the cost of trades and the spread is going to be a function of adverse selection, Bonen said. I was living at home in the New York suburbs for a while, Adams said. Centralized venues do have an advantage in terms of custody, he said. The recent explosion in DeFi platforms has made Uniswap even more valuable. He was born and raised in Dallas, Texas. For one, orders could only be routed through ETH and a token. Faqs. 42. After being laid off from his junior engineering position at Siemens and living at home with his parents, a career opportunity came knocking: Uniswap,the permissionless token exchange built on the Ethereum blockchain. It remains unknown how Uniswap can fit into an average persons portfolio much more so than adding crypto to a portfolio, of course. On May 9, 2019, we welcomed companies and teams to help shape the narrative of rebuilding finance at the historic Williamsburgh Savings Bank in Brooklyn, New York. He graduated from Stony Brook University with a bachelor in engineering in 2016. Earlier this year, it surpassed $1 trillion in lifetime trading volume. Adams exchange is a form of AMM. After launching the UNI token as a stimulus payment for early developers, investors, holders of the Uniswap $SOCK token, and owners of any wallet that had interacted with Uniswap contracts, Uniswap saw a sharp increase in popularity. At its core, Uniswap is about making finance more accessible, Adams said in an email. It was a very weird time. Adams began making trips to various conferences in Canada and New York City. He has an annual salary of $550,000 and a bonus of $850,000. Some 200 teams are currently building different projects leveraging Uniswap as a base layer, he said, such as for margin trading. It also didnt help to debut Uniswap v1 in the midst of a crypto bear market, where ETH drew down some 95% from its peak price value. This version came with initial liquidity of $30k distributed among 3 pairs of tokens, enough to make the protocol . In late 2017, he pursued an idea created by Ethereum inventor Vitalik Buterin for a decentralized cryptocurrency exchange that used automated market makers controlled by code instead of people. Apr. Adams became obsessed. Related Investments Aliases N/A. What you cant clone is the users and, therefore, the liquidity. Thus the spirit of Uniswap is not dissimilar from the general premise of Bitcoin and its attempt to free money from government by democratizing the buying and selling of tokens. Hayden Adams created Uniswap, which went live in November 2018. Charlie Shrem Source: Bitcoin Investor Net-worth: $60 million89. I do think thats ultimately where most of liquidity will live, Adams said. There are some 25,000 tokens with trading pools on the exchange, although only a handful of them have meaningful liquidity. Hayden has 3 jobs listed on their profile. Oddly, the man responsible for the roller coaster of DeFi Summer couldnt be more different from a degenerate. Jed McCaleb Source: Ripple Net-worth: $2.5 billion14. Indeed, Uniswaps unique offering has been a central topic to traders since it exploded in popularity this summer. It also didnt help that SushiSwaps pseudonymous chef absconded with (and then returned) a founders reward of SUSHI tokens worth $13 million. Hayden Adams, creator of the Uniswap protocol, is a soft-spoken developer, first dragged into cryptocurrency less so for the money than the opportunity to make something of himself. Investors are incentivized to deposit funds into the protocol by garnering a percentage of trading fees for providing liquidity. By day he sat in the MakerDAO or Balance offices; by night he coded Uniswap. In my opinion, there is an iron law of markets that the cost of trades and the spread is going to be a function of adverse selection, Bonen said. The latest news comes as Uniswap Labs embarks on a new journey with Uniswap Labs Ventures. We bring you crypto news, coin price prediction, nfts, crypto talks, airdrop, web3 guide, crypto jobs, and every happening around the entire Web3 ecosystem. How'd you get into crypto? Its a smart contract that facilitates token trades between different parties. Market making is the practice of offering bids and asks on an exchange. There are some 25,000 tokens with trading pools on the exchange, although only a handful of them have meaningful liquidity. On Aug 30 2020 - the first time Uniswap surpassed . Uniswap is a decentralized cryptocurrency exchange that uses a set of smart contracts (liquidity pools) to execute trades on its exchange. But what weve seen is that in September of this year, Uniswap did $15 billion in volume and Coinbase did [about] $12 billion, Adams said. JPMorgan Chase doesn't seem opposed to crypto given its movements towards implementing crypto financial products like Grayscale Bitcoin Trust, Ethereum Trust, Bitcoin Cash Trust, and Osprey Funds' Bitcoin Trust. Nothing flashy, just cheap and solid. Everything is happening a lot faster than my predictions would have been a year ago.. These investors are called liquidity providers but they function similarly to market makers, just incredibly passive ones. Launch T-Shirt spread at Devcon 4. Hayden Adams Uniswap (UNI) Founder. Uniswaps dependency on outside forces to set market prices forces LPs to eat bad trades. Buterins article was sent to Adams by Karl Floersch in the fall of 2017 and would become his first project. But, given the rise in usage, the market continues to impress the importance of these questions. The only thing that stands between an LP and impermanent loss is the 30 bps fee reserved for LPs for every Uniswap trade. In the beginning, he used to perform in school and community musical theatre events. Unlike traditional trading venues, Uniswap . If you were to ask me a year ago when Uniswap was going to report more volume for a single day of Coinbase, I would probably say 2021. The biggest question is whether liquidity provisioning in an AMM is more profitable than merely hodling an asset, given the cryptocurrencies dramatic price swings. Luckily, Floersch had it all figured out for Adams. To Uniswap went the spoils: Since the turf war, Uniswaps TVL has not dipped below $1 billion and broke $3 billion for numerous days in November. His code proves a decentralized exchange (DEX) is not only possible but more than capable of matching heavyweight competitors like Coinbase pound for pound. In July 2018 he won the $50k prize and rushed to launch the project to the world. Centralized venues do have an advantage in terms of custody, he said. Hayden Adams became obsessed. On this episode, we speak with Hayden Adams, the creator of the Uniswap Protocol, which powers the world's largest. Bridging the Gap 03/03 GM Bridgoors, you know what time it is! For instance, whats the optimal fee to charge for a trade on Uniswap? Adams, on the other hand, joined Siemens as a car engineer working on computational fluid dynamics and was the last normie friend Floersch had, Floersch told CoinDesk in a phone interview. Adams' net worth is approximately $250 million. Nov 2, 2018 1/ Excited to announce the launch of @UniswapExchange ! Created in 2018 by Hayden Adams, it was inspired to take on the project after Vitalik Buterin (co-founder of Ethereum) first described the underlying technology in a forum. At an early age, he was fond of singing. Name & Title Social Contact Info; Anyone can become a market maker on Uniswap with a few tokens and get a cut of the action. In 2018, ShapeShift founder Eric Voorhees had his JPMorgan account closed. The story behind Tom Lee: Who is the Fundstrat founder and what is his net worth. Centralized exchanges will potentially become custodial interfaces to decentralized platforms, he said. (Balance is now the Ethereum wallet Rainbow). It wasnt long until Floersch introduced Adams to Etheruem co-founder Vitalik Buterin, who told him apply for an Ethereum Foundation grant. More from Forbes 30 Under 30 - Finance 2023 List. 10 free leads on us . In fact, Adams flew to Seoul, South Korea, to attend a crypto conference for which he didnt have a ticket (he wasnt allowed in, but he was able to talk about Uniswap with Buterin). Check out Uniswap's net worth in US Dollar Feb, 2023. v2 was launched in May 2020 and v3 was launched in May 2021, introducing new options to . Other than his Instagram and Twitter handles, Summerall is live on Musical.ly (now known as TikTok) and a lively app and has been posting several lip-sync videos of himself. We asked the Uniswap founder for his perspective on the history and future of his creation. On January 23, 2022, Adams tweeted that his bank accounts with JPMorgan Chase were closed for no apparent reason. He graduated from Stony Brook University with a bachelor in engineering in 2016. Uniswap has 1 board member or advisor, Snow K.. ------. Although Uniswap v2 launched in May, its liquidity and daily volumes remained low compared to where it sits now. Remembering that Uniswap creates its own prices rather than porting them into the exchange, you can see that LP holdings are prone to be picked off when prices swing against LPs in what is called impermanent loss.. The layoff "definitely turned out to be the best thing that ever happened to me.. However, several people commented on Adams' tweet. You will receive mail with link to set new password. Hayden Adamssoon felt the need to work on a real project to stay motivated. Rather, its a poor traders old friend: adverse selection. That prize is currently held by Binance, another crypto unicorn, and would require a 10-fold increase in volume, Adams said. Learn to code, Two seemingly inconsequential decisions Adams made in 2017 would set the stage for 2020s DeFi bull run. Buterins article was sent to Adams by Karl Floersch in 2017 who worked at Ethereum at the time. Uniswap was founded to give liquidity and hence trade, and the benefits that exchanging brings to the DeFi community. Cameron Winklevoss Source: Bitcoin Net-worth: $4 billion8. See moreWork as Mechanical EngineeringHayden Adams works as a mechanical Engineering in New York from 2015 to Sep 2015. "I know many individuals and companies who have been similarly targeted simply for working in the crypto industry," wrote Adams. That led him to the discovery of automated market-making, in spite of Adams unfamiliarity with finance and markets. It's a protocol for automated exchange of ERC20 tokens on Ethereum. The NFT for this artwork by XCopy is available at The Nifty Gateway for a limited period. In fact, the project, begun in the lulls of his unemployment, broke Coinbases daily trading volume in September for the first time in DeFis own flippening.. Today, Uniswap plays a vital role in the market. Normal exchanges can offer prices differing from the market price. Hayden Adams took a $65,000 grant and turned it into a $2 billion protocol; no other developer has come close to that. Even as they grow, . He said: I was working so much I couldnt take a break. "Thanks for making it a personal." Adams' bank accounts were closed last week. Uniswap Price Live Data. Nader Al-Naji Source: Crypto Entrepreneur Net-worth: $45m98. He gained a great deal of trust and the inspiration to take his singing abilities to the next level. Uniswaps value proposition as an exchange feeds upon Ethereum and vice versa: Ethereum is a blockchain for decentralized applications, especially for launching your own token, while Uniswap is an exchange for those tokens. CCTV-13 concluded by warning about the risks of financial fraud on cryptocurrency platforms such as Uniswap. Dilbert creator Scott Adams has been writing offensive, inflammatory posts for years, until racist commentary made on an YouTube video marked the end of his comic book career. More info. Uniswap is open source, meaning people can clone its code and launch their own variant. He holds American nationality and has his belief in Christian religion. I was getting very into Ethereum and from that perspective it was a really great thing, Adams said. Taking a $65,000 grant and turning it into a $2 billion platform, Adams went from jobless to a millionaire with time and dedication. Andreas Antonopoulos Source: Bitcoin Evangelist Net-worth: $50 million91. . Noyes, Paradigm and developers like Adams are mostly focused on the idea that markets can enfranchise retail traders by making them part of the game. Uniswap History: Uniswap was created on November 2, 2018 by Hayden Adams, a former mechanical engineer at Siemens. What Uniswaps smart contract does, among other things, is bring unparalleled access to the inside mechanics of crypto exchanges. On Aug 30 2020 the first time Uniswap surpassed Coinbase Pro in daily trading volume, he tweeted: Wow, Uniswap 24hr trading volume is higher than Coinbase for the first time ever. Use our Chrome Extension & instantly connect with prospects . Micree Zhan Micree Zhan co-founded Chinese crypto. According to DigitalCoinPrice, the Uniswap exchange is a profitable investment and its price may reach $7.22 per token at the end of 2021. Noyes questions, to the uninformed, are hardly intelligible. Recently Tesla announced buying Bitcoin worth $1.5 Billion resulting in sending the price of BTC to the moon. As the BTC . The move comes after the SEC started investigating Uniswap Labs. Adams' net worth is estimated to be around $250 million. Companies in Career N/A. News and analysis for the professional investor. Prior to Uniswap, Hayden was an engineer at Siemens. Thats because asset pools are matched to create a price based on an algebraic equation called a bonding curve. Hayden Adams, creator of the Uniswap protocol, is a soft-spoken developer, first dragged into cryptocurrency less so for the money than the opportunity to make something of himself. When you combine market swings with trading, you get arbitrage opportunities. Prior to Uniswap, Hayden Adams was an engineer at Siemens. By day he sat in the MakerDAO or Balance offices; by night he coded Uniswap. Prior to Uniswap, Adams was an engineer at Siemens. Joseph Lubin Source: Ethereum Net-worth: $5 billion6. Adams net worth is estimated to be around $250 million. Micree Zhan Source: Bitmain Net-worth: $3 billion12. While promising, it lacked a few technical features to make it truly market moving. Exchanges such as Coinbase are even looking at adding similar pools. With over $1 billion worth of tokens moved since its launch, Uniswap has emerged as the most well-liked decentralised exchange system on Ethereum. But it also couldnt have happened without someone like Hayden. Hayden Adams is founder of Uniswap, one of the most widely used decentralized applications built on Ethereum. Competition with SushiSwap and the subsequent UNI airdrop pushed Uniswap to new levels of popularity. According to CoinArbitrage, In the next three years, Uniswap could reach as high as $67.5222 and the lowest price could be $5.83102. Esteban Ordano Source: Decentraland Net-worth: $200 million59. Investors are incentivized to deposit funds into the protocol by garnering a percentage of trading fees for providing liquidity. It's an open source project and falls into the category of a DeFi product ( Decentralized finance) because it uses smart contracts to facilitate trades. Noyes questions, to the uninformed, are hardly intelligible. Indeed, Uniswaps unique offering has been a central topic to traders since it exploded in popularity this summer. Save my name, email, and website in this browser for the next time I comment. He also receives another $2.25 million annually in other bonuses. Merz: Bitcoin, Ethereum, Cardano, Uniswap, an Theta 26. 59 - Uniswap | Hayden Adams Bankless Shows 196K subscribers 32K views 1 year ago Bankless Podcast Hayden Adams is the inventor of Uniswap, the decentralized trading protocol. Uniswap is, in my opinion, the most interesting company in decentralized finance (DeFi). Tyler Winklevoss Source: Bitcoin Net-worth: $4 billion9. Some investors prefer trusted parties to hold funds. Still, its good enough at $1.33 billion TVL to net fifth place, according to DeFi Pulse. Everything is happening a lot faster than my predictions would have been a year ago.. Constant product market AMMs are different from traditional market making in a few ways. An Ethereum Foundation grant of $65,000 a far cry from AMM project Bancor, which raised $150 million in a 2017 initial coin offering (ICO) enabled a thorough audit of the projects code. . The bid and the ask are always the same at a given time, unlike on traditional exchanges. The latest moves in crypto markets, in context. These investors are called liquidity providers but they function similarly to market makers, just incredibly passive ones. | Uniswap is open source, meaning people can clone its code and launch their own variant. All Ethereum projects can be found first in a Vitalik Buterin blog post or so it seems like from outside looking in. Adams exchange is a form of AMM. Ashok Ayyar. Hayden Adams took a $65,000 grant and turned it into a $2 billion protocol; no other developer has come close to that. Since May, his projects total value under lock (TVL), or the dollar value of tokens locked in the smart contract of a given decentralized lending project, is up some 3,500%, from $35 million to $1.3 billion. Traduzioni in contesto per "ovvero un valore tre volte" in italiano-inglese da Reverso Context: Il carico utile massimo di 15 kg, ovvero un valore tre volte maggiore rispetto a prima. Gary Wang Source: FTX Net-worth: $5.9 billion5. Yi He Source: Binance Net-worth: $250 million58. Personal Investments Number of Investments 1 Hayden Adams invested in WalletConnect on Nov 3, 2022. Floersch was a friend of Adams at Stony Brook University in New York and is now the chief technical officer at blockchain scaling firm Optimism. Noyes, Paradigm and developers like Adams are mostly focused on the idea that markets can enfranchise retail traders by making them part of the game. Uniswap v1 launched at DevCon 4 in November 2018. It was a very weird time. (Those questions claim to have been addressed here). Floersch told Adams there was a lack of smart contract developers for Ethereum, so, he started to learn JavaScript and Solidity. Born on 4 April 2005, Hayden Summeralls age is 17 Years Old as of 2022. Although Uniswap v2 launched in May, its liquidity and daily volumes remained low compared to where it sits now. October 13, 2022. Uniswaps smart contracts set prices for each token against the amount of reserves of the two tokens against each other. Uniswap, which is headquartered in New York City, United States, was founded in October 2017 by Hayden Adams. That led him to the discovery of automated market making, in spite of Adams unfamiliarity with finance and markets. Theme: Newsup by Themeansar. Adams became determined to create a cryptocurrency exchange that would be more user-friendly than the ones on the market and founded Uniswap. Here, Floersch stepped in again, introducing Adams to the concept of a decentralized exchange. True Hollywood Story and Biography. READ MORE: The story behind Anthony Pompliano: What is Pomp's net worth? Shares inBank of Irelandlast closed at9.63and the price had moved by+43.22%over the past 365 days. About half the projects TVL left the Uniswap's platform following the end of UNI farming rewards in mid-November. I was living at home [in the New York suburbs] for a while, Hayden Adams said. Sign up for Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Its impermanent because LPs typically dont remove funds from a pool actively they are more often than not passive investors and so the price of the token could recover. And forays into the math and accompanying commentary only reveal how deep the barrel is from which Noyes is pulling questions. This article is part of CoinDesks . The story behind Hayden Adams: What is the Uniswap founders net worth? It is estimated that. Uniswap is the most used Ethereum application when looking at contract calls, second only to stablecoin tether (USDT) overall. Hayden Adams also had moved Uniswap from Solidity to Vyper, a programming language purpose-built for Ethereum smart contracts. It is designed around ease-of-use, gas efficiency, censorship resistance, and zero rent extraction. That is until Chef Nomi, the pseudonymous cofounder of SushiSwap, reared his or her head this past September. Adams soon felt the need to work on a real project to stay motivated. On this episode of Odd Lots, we speak with Hayden Adams, the creator of the Uniswap Protocol, which powers the world's largest decentralized exchange. Hayden Adams This was after he was laid off by tech giant Siemens, which was, according to him, The best thing that ever happened to me. . There is no certain fit approach to becoming a successful forex trader. Chiefly, AMMs like Uniswap have liquidity at every price. Fewocious Source: NFT Artist Net-worth: $50 million93. The story behind Satoshi Nakamoto: What is the Bitcoin founders net worth? Because it is Ethereum-based, Uniswap is fully-compatible with all ERC-20 tokens and other Ethereum infrastructures such as wallet services like MetaMask and MyEtherWallet. The bid and the ask are always the same at a given time, unlike on traditional exchanges. Uniswap had two major unsolved problems which I set out to tackle with an engineering mindset: It only worked for a single ETH/ERC20 pair It only worked for a single liquidity provider Ethereum Values By this point I was fully captivated by Ethereum's unbounded potential. Hayden Adams and Floersch attended Stony Brook University in New York, an education Floersch described as good enough to get the job done. Ari Meilich Source: Decentraland Net-worth: $200 million60. Uniswap launched in 2018 and has become one of the most popular crypto applications, with millions of users. This week @jpmorgan @Chase closed my bank accounts with no notice or explanation I know many individuals and companies who have been similarly targeted simply for working in the crypto industry Thanks for making it a personal. Prior to Uniswap, Hayden was an engineer at Siemens. Executive Management. Hayden Adams is Founder at Uniswap. Uniswaps curve is invariant with the amount of asset X in reserve multiplied by the amount of asset Ys reserve, equaling the price K. These price offerings are also symmetrical, CoinRoutes CTO Ian Weisberger told CoinDesk in a phone interview. Most of McCaleb's wealth comes from the estimated 3.4 billion XRP he still holds,. He lived in Brooklyn, N.Y., off his ETH stash, programming away for months on a Uniswap proof-of-concept. Hayden Adams @haydenzadams 7 Dec 2020 1/ A maker governance proposal was just put forward voting to add DAI-ETH and USDC-ETH Uniswap liquidity tokens as collateral This would allow Uniswap LPs to a) increase the capital efficiency of their liquidity or even b) modify their exposure in a meaningful way. . In January 2021, the metric stood at less than 1 million users. For instance, whats the optimal fee to charge for trade on Uniswap?