Uniswap or Pancakeswap: BATTLE of The DEXs!!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

– TIMESTAMPS –
0:00 Intro
2:21 What They Are And Who Made Them
3:51 How Do They Work?
5:17 Fees, Users & TVL
6:55 Usability
9:11 UNI Tokenomics
11:29 CAKE Tokenomics
14:21 Future Plans & Potential
16:51 Conclusion

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

⛓️ 🔗 Useful Links 🔗 ⛓️

► Uniswap History: https://uniswap.org/blog/uniswap-history/
► PanceSwap History (Short): https://academy.binance.com/en/articles/a-guide-to-pancakeswap
► SushiSwap Uniswap Clone History: https://finematics.com/vampire-attack-sushiswap-explained/
► PancakeSwap: https://pancakeswap.finance/
► Binance Chain Wallet: https://chrome.google.com/webstore/detail/binance-chain-wallet/fhbohimaelbohpjbbldcngcnapndodjp?hl=en
► Uniswap: https://app.uniswap.org/#/swap
► Metamask: https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn
► PancakeSwap Jobs & Update: https://pancakeswap.medium.com/emission-reductions-to-do-list-and-pancakeswap-v2-20a0f9b46464

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

🕵️‍♂‍What They Are And Who Made Them🕵️‍♂‍

Uniswap is an AMM DEX built on Ethereum. It was created in November 2018 by mechanical engineer Hayden Adams. The project received seed funding from a private investor and an Ethereum grant

Pancakeswap is an AMM DEX built on the Binance Smart Chain. It was created by a team of anonymous developers in September 2020.
The only funding Pancakeswap received seems to have come from Binance as part of their 100-million-dollar DeFi accelerator fund on the Binance Smart Chain

👨‍🏫How Do They Work? 👨‍🏫

Since PancakeSwap is a clone of Uniswap, they have almost identical code. However, in addition to AMM DEX, PancakeSwap offers yield farming, lotteries, initial farm offerings, and more

💰Fees, Users & TVL💰

Although they have similar trading volumes and TVL, Uniswap offers over 1600 tokens and 2100 trading pairs, whereas Pancakeswap only offers 96 tokens

Uniswap has roughly 300k unique users per month, whereas Pancakeswap has slightly more than half that amount

In terms of fees, a swap on pancakeswap only carries a 0.2% fee versus the 0.3% fee on Uniswap. A portion of Pancakeswap fees goes to the treasury to develop new projects

Uniswap has its own dedicated treasury which holds over $8 billion in UNI tokens

💱Usability💱

All Uniswap fees are paid in ETH and executing a single trade will run you anywhere between 40-100 dollars in ETH gas fees

Uniswap trades can also take minutes or even hours to complete unless you’re paying the highest gas fee

All Pancakeswap fees are paid in BNB, and a single trade won’t cost you more than a few cents in BNB gas fees. In contrast to Uniswap, Pancakeswap trades take seconds to complete

🐎UNI Tokenomics 🐎

Although the UNI token currently has a maximum supply of 1 billion, it will have an inflation rate of 2% per year after the 4-year vesting period for all token holders has completed

While 60% of UNI tokens are technically held by the community, a quick glance at Etherscan suggests that a substantial chunk of UNI’s supply is held by whales

🍰CAKE Tokenomics 🍰

CAKE has no supply cap and is inflationary to the tune of 750 thousand CAKE per day, and that’s after you factor in Pancakeswap’s various burning mechanisms.

Pancakeswap’s documentation notes that the developers behind the AMM are constantly adjusting burn parameters and adding new ones to ensure CAKE is deflationary rather than inflationary

CAKE had no pre-mine, and is therefore a fairly launched cryptocurrency. However, a very small percentage of its supply is held outside of the Pancakeswap protocol

⌛Future Plans & Potential⌛

Uniswap is planning to roll out the third version of their AMM sometime this year. Uniswap also revealed the Uniswap Grants Program which officially launched in mid-January this year.

Pancakeswap v2 is scheduled to launch in the coming weeks, and will be introducing a referral program, expanding gamification efforts, and even launching a predictions market.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Uniswap #Pancakeswap #defi #ethereum #binance

Futures Day Trading

Day trading has become quite popular these days. Opening deals and closing them shortly after, and collecting the profit made, although small, may add up to over the total amount of deals you would make that day.

Forex Day Trading – Read More About it

Forex Day Trading is one of the most profitable trades to be in today. As for plain Forex Trading, it is the most important in the world. Whenever companies of different countries trade with each other, currencies get exchanged and later converted into the currency of that country.

Forex Day Trading Strategies

The Forex Day trading world is one of the most difficult for many, especially for those who are starting out. One may be bogged down with the losses one may occur while trading in Forex. Yet, one should hold hope for his investment, because it can indeed be a very profitable trade – profitable in ways because currency is what runs the whole world.

Day Trading Tips

Day trading can be a very tedious business to be in. It can be stressful and can ward off beginner traders, breaking their spirits in thinking how they can compete with the big dogs of the market.

Learn About the Day Trading System

Day trading system is identified as the buying and selling of a stock in a single trading day. Typically, day traders have two major functions within the market place. First, they make sure the market is running efficiently through arbitrage. Second, they provide most of the market’s liquidity.

Day Trading System – Know More About it

Having a Day Trading System is probably the most important thing to have when trading, whether you are an experienced pro or a trader baby. Systems are the methods, rules, techniques, etc. that a trader uses in making his money through trading.

Day Trading System

Being a day trader is a very uneasy job when done alone – having to learn as you go along all by yourself and slugging through day by day through trial and error trying to find ways to earn while losing money in the process. The best way for any day trader, especially for beginners, is to join and follow a Day Trading System.

Day Trading Strategy

Day trading is one of those occupations which are attracting more people every day. Day trading can show many benefits and allow someone to really cash in. Despite the risks involved, it can really pay off in the long run, as long as you do not trade without knowing what to do.

Day Trading Services

Day trading is a very complex work and is often demanding for the trader. There are times a trader may need some help in order to keep himself productive.

Day Trading Rules

Day trading is the act of trading various financial tools in one day. This is done by having traders take on positions before the trading begins.

You May Also Like

bitcoin
Bitcoin (BTC) $ 24,897.67 4.00%
ethereum
Ethereum (ETH) $ 1,926.58 5.48%
tether
Tether (USDT) $ 1.00 0.15%
bnb
BNB (BNB) $ 332.80 0.16%
usd-coin
USD Coin (USDC) $ 1.00 0.54%
xrp
XRP (XRP) $ 0.385465 2.33%
cardano
Cardano (ADA) $ 0.547499 2.37%
binance-usd
Binance USD (BUSD) $ 1.01 0.87%
solana
Solana (SOL) $ 45.29 7.97%
polkadot
Polkadot (DOT) $ 9.54 0.90%