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DeFi in cryptocurrency is all the rage right now, but why is DEcentralized FInance so hot right now? Well honestly the biggest driver of this is Uniswap, yield farming and other methods basically participating, providing liquidity and buying some tokens on this exchange has proved to be very lucrative where people are making AND losing TONs of money, but a lot of people are making huge gains on their investments in cryptocurrencies. Let’s review what Uniswap is, how Uniswap works, and why Uniswap is driving Ethereum transactions fees to all time highs! We will also review WBTC, which is wrapped Bitcoin, which is an erc-20 token, so a token built on the Ethereum blockchain that pegs each WBTC to one BTC in valuation.
Links!
A beginner’s guide to decentralized finance – http://voskco.in/QuG3
What is WBTC – everything to know about wrapped Bitcoin – http://voskco.in/C1Hn
What is Uniswap and how Uniswap works – http://voskco.in/75s3
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