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Video Description
๐ฅ TOP Crypto TIPS In My Newsletter ๐ https://guy.coinbureau.com/signup/
๐ โCrypto Baeโ Hoody ๐ https://store.coinbureau.com
๐ฒ Insider Info in my Socials ๐ https://guy.coinbureau.com/socials/
๐ 20% Binance Discount ๐ https://guy.coinbureau.com/binance/
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๐บEssential Videos๐บ
How To Reduce Ethereum Gas ๐ https://youtu.be/6CdD9ucSvTc
Uniswap Explained + Guide ๐ https://youtu.be/GREUQeHpQeQ
Binance CeDefi / Binance Smart Chain Explained ๐ https://youtu.be/VOM0QmIGSJI
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โ TIMESTAMPS โ
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
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โ๏ธ ๐ Useful Links ๐ โ๏ธ
โบ Uniswap History: https://uniswap.org/blog/uniswap-history/
โบ PanceSwap History (Short): https://academy.binance.com/en/articles/a-guide-to-pancakeswap
โบ SushiSwap Uniswap Clone History: https://finematics.com/vampire-attack-sushiswap-explained/
โบ PancakeSwap: https://pancakeswap.finance/
โบ Binance Chain Wallet: https://chrome.google.com/webstore/detail/binance-chain-wallet/fhbohimaelbohpjbbldcngcnapndodjp?hl=en
โบ Uniswap: https://app.uniswap.org/#/swap
โบ Metamask: https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn
โบ PancakeSwap Jobs & Update: https://pancakeswap.medium.com/emission-reductions-to-do-list-and-pancakeswap-v2-20a0f9b46464
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๐ต๏ธโโโWhat They Are And Who Made Them๐ต๏ธโโโ
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
๐จโ๐ซHow Do They Work? ๐จโ๐ซ
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
๐ฐFees, Users & TVL๐ฐ
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
๐ฑUsability๐ฑ
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 youโre paying the highest gas fee
All Pancakeswap fees are paid in BNB, and a single trade wonโt cost you more than a few cents in BNB gas fees. In contrast to Uniswap, Pancakeswap trades take seconds to complete
๐UNI Tokenomics ๐
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 UNIโs supply is held by whales
๐ฐCAKE Tokenomics ๐ฐ
CAKE has no supply cap and is inflationary to the tune of 750 thousand CAKE per day, and thatโs after you factor in Pancakeswapโs various burning mechanisms.
Pancakeswapโs 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
โFuture Plans & Potentialโ
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.
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๐ Disclaimer ๐
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
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