Nicola
Thu May 16 2024
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5 answers
720
Is Uniswap a wallet or exchange?
Could you clarify for me, is Uniswap primarily a wallet or an exchange? I've heard about it in the context of decentralized finance, but I'm still a bit hazy on its exact functionality. I understand it's some sort of platform for trading cryptocurrencies, but does it also offer storage capabilities like a traditional wallet? Or is it more akin to a centralized or decentralized exchange where users can swap tokens? I'd appreciate it if you could break it down for me in simple terms.
CryptoElite
Wed May 15 2024
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5 answers
1202
Does Uniswap automatically wrap ETH?
I've been wondering, does Uniswap automatically wrap ETH? I've read that Uniswap is a decentralized exchange that allows for the swapping of ERC-20 tokens, but I'm not quite clear on whether it automatically converts ETH to its wrapped version, WETH, for trading purposes. Could you please clarify this for me? I'm interested in understanding the process better so I can make more informed decisions when trading on Uniswap. Thanks in advance for your help!
Raffaele
Tue May 14 2024
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6 answers
1248
Why does Uniswap use wrapped ETH?
Could you please elaborate on the reason why Uniswap opts to utilize wrapped ETH? It seems intriguing that a decentralized exchange would incorporate such a mechanism. Does wrapped ETH offer unique advantages or functionalities that regular ETH doesn't? How does it fit into the overall Uniswap ecosystem, and how does it enhance the user experience or transaction efficiency? I'm particularly interested in understanding the technical nuances behind this decision. Thank you for your insight.
