![]() That said, to date there have been no major security breaches, and no reports of loss due to platform malfunction. There is no insurance and no way of recovering funds lost through user error. That means that the responsibility lies with the user to ensure error-free trading and activity. Is Uniswap safe?Īs a decentralized exchange, Uniswap has no control over individuals' DeFi assets. Participants and their delegates must hold UNI tokens to participate. The Uniswap protocol is governed by a decentralized community, and anyone can participate in its governance. From liquidity pool data to swap information, users get just what they need without extra functionality that creates unnecessary complexity. Tracking that puts People FirstĮxtensive community consultation has seen Dexfolio focus on an app that is mobile-first, makes it easy for beginners to explore the market, facilitate token investments and other transactions, and access other pertinent DeFi data with one tap. Traders can connect unlimited wallets to Uniswap and other DEXes, and use Dexfolio's flagship feature, its intelligent price alert system to monitor coins, token prices, gas fees, market movements, and other important information. The Dexfolio team wanted to create a versatile app that would address inherent problems with the current tools. How Dexfolio's App Streamlines Trackingīack to what all this means for Dexfolio's app and how it can make this process easier. ![]() Beginners have often found them confusing and difficult to use. ![]() Historically, tracker apps have been plagued by cumbersome access to data and poor user experience. Due to the rapid daily changes across the crypto landscape, and DeFi ecosystems in particular, swift access to data is essential. Why is a Portfolio Tracker App Necessary?Ī portfolio tracker app is crucial for beginners and experienced traders alike. Due to the low eligibility requirements, it is easy for users to participate in providing liquidity to the pool and finance the purchase of token pairs. Its role is to increase marketplace liquidity by giving access to participants. It is the trading arm of a DeFi exchange, being made up of tokens locked in by smart contracts. It enables investors to trade and receive a return on their investment. How Do Liquidity Pools Work?Ī liquidity pool is a crucial part of the DeFi ecosystem. Any trader, regardless of net worth, is free to contribute to liquidity pools as long as the smart contract protocol conditions are met. This means that non-custodial wallets (where private users hold the keys to the wallet) use smart contracts to define asset prices and provide liquidity. The only people involved are the buyer and the seller.Īutonomous protocols knows as Automated Market Makers (AMM) have coded instructions already built into their protocols to govern transactions. An example would be buying a new car with cash money instead of using a loan or a bank transaction. In simple terms, this means that transactions are carried out directly between traders without the need for a third party to be involved. In centralized exchanges, third parties are required to monitor data and execute trades, but DeFi exchanges eradicate the need for middlemen. I only wish and hope that this idea will be read by those who have the ability to propose a vote to the community and that we can vote for it.At its launch in 2018, Uniswap became the first of the decentralized exchanges to utilize an automated market maker system. I do not have enough votes to propose a vote to the community, but I encourage everyone to see it from the point of view of new users who join the sector and want to do so with all the guarantees. In my opinion, the security of being able to extract this data from our platform will improve the experience and trust of new users in our project. ![]() We must realize that the largest exchanges are made on the ETH network and that we lead this sector together with Defi. It includes a free part and several payment modules.Įven considering the payment formula, it seems to me a very good option to integrate a project of this type in our platform. This site has a very clear message “Track your cryptocurrency portfolio and taxes”. From this website, I wonder, isn’t it a good idea to implement such a project on our platform?
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