From 1821441138da1aee85e24c6f0be1949219b03e5c Mon Sep 17 00:00:00 2001 From: Callil Capuozzo Date: Thu, 18 Jan 2018 14:15:59 -0500 Subject: [PATCH] Fix readme header --- README.md | 10 +++++++--- 1 file changed, 7 insertions(+), 3 deletions(-) diff --git a/README.md b/README.md index c858eaaa3e..0fbc8ef5e3 100644 --- a/README.md +++ b/README.md @@ -1,10 +1,14 @@ -Uniswap - a trustless, decentralized exchange for Ether and ERC20 tokens +# Uniswap - a trustless, decentralized exchange for Ether and ERC20 tokens + Uniswap exchange uses a "Market Maker" mechanism, where liquidity providers store a reserve of ETH and ERC20 tokens within an Ethereum smart contract. An exchange rate is set between the tokens and ETH based on the relative availibility of each token. Arbitrage ensures that the rate will be the same as on other exchanges. Buyers who send Token 1 to the smart contract will receive back Token 2 at the current rate. A small fee is paid from the buyer to the liquidity providers to incentive participation. A full writeup with math and whatnot will be written soon. Until then, here is some more info on Market Makers: -https://www.reddit.com/r/ethereum/comments/55m04x/lets_run_onchain_decentralized_exchanges_the_way/ http://vitalik.ca/general/2017/06/22/marketmakers.html +https://www.reddit.com/r/ethereum/comments/55m04x/lets_run_onchain_decentralized_exchanges_the_way/ +http://vitalik.ca/general/2017/06/22/marketmakers.html Please reach out if you would like to get involved or support the project. -Demo: https://uniswap.io/ Email: hayden@uniswap.io ETH Address: 0x4779721CaC18A46DbCF148f2Dd7A8E6cc1F90078 +Demo: https://uniswap.io/ +Email: hayden@uniswap.io +ETH Address: 0x4779721CaC18A46DbCF148f2Dd7A8E6cc1F90078