Klever Exchange will list Uniswap (UNI) and will open trading for the following pairs on Oct 19, 2021.
Trading pairs are open for deposit and withdrawals on Oct 14, 2021 at 14:00 (UTC) and Trading goes live on Klever Exchange on Oct 19, 2021 at 14:00 (UTC).
What is Uniswap (UNI)?
The Unswap protocol facilitates the automated trading of tokens associated with Decentralized Finance (DeFi), a popular decentralized trading protocol. In addition to allowing automation of token trading, UniSwap aims to make traditional exchanges more efficient while offering complete access to anyone holding a token.
Uniswap eliminates liquidity problems with automated solutions, avoiding the problems that plagued the first decentralized exchanges.
The purpose of UniSwap is to provide liquidity - and therefore trading and the value of trading - for the DeFi industry. Uniswap is one of the most popular AMMs in operation today, using a formula for automated exchange - X x Y = K.
UniSwap is not just a decentralized exchange; it attempts to solve the liquidity issues faced by platforms such as EtherDelta. The protocol reduces risks and reduces costs by automating the process of market making. Furthermore, there are no identity requirements for users, so technically anyone can create a liquidity pool for any pair of tokens.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Klever will make best efforts to choose high-quality coins, but will not be responsible for your trading losses. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. Klever Exchange is not liable for investment gains or losses.