This commit is contained in:
Callil Capuozzo 2018-01-22 15:09:32 -05:00
parent c6457bbfb8
commit 93c627be9d

@ -80,9 +80,9 @@ class App extends Component {
this.setState({connected: false}) this.setState({connected: false})
} else { } else {
this.setState({ this.setState({
firstRun: cookie.load('firstRun'), firstRun: cookie.load('firstRun') || true,
swapAdded: cookie.load('swapAdded'), swapAdded: cookie.load('swapAdded') || false,
uniAdded: cookie.load('uniAdded'), uniAdded: cookie.load('uniAdded') || false,
transactions: cookie.load('transactions') || [], transactions: cookie.load('transactions') || [],
}) })
this.getContracts(); this.getContracts();
@ -670,7 +670,7 @@ class App extends Component {
<section className="expand grey-bg border pa2"> <section className="expand grey-bg border pa2">
<p>Uniswap is a trustless, decentralized exchange for Ether and ERC20 tokens</p> <p>Uniswap is a trustless, decentralized exchange for Ether and ERC20 tokens</p>
<p>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.</p> <p>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.</p>
<p>A full writeup with math and whatnot will be written soon.Until then, here is some more info on Market Makers:</p> <p>A full writeup will be written soon. Until then, here is some more info on Market Makers:</p>
<a target="_blank" href="https://www.reddit.com/r/ethereum/comments/55m04x/lets_run_onchain_decentralized_exchanges_the_way/">https://www.reddit.com/r/ethereum/comments/55m04x/lets_run_onchain_decentralized_exchanges_the_way/</a> <a target="_blank" href="https://www.reddit.com/r/ethereum/comments/55m04x/lets_run_onchain_decentralized_exchanges_the_way/">https://www.reddit.com/r/ethereum/comments/55m04x/lets_run_onchain_decentralized_exchanges_the_way/</a>
<a target="_blank" href="http://vitalik.ca/general/2017/06/22/marketmakers.html">http://vitalik.ca/general/2017/06/22/marketmakers.html</a> <a target="_blank" href="http://vitalik.ca/general/2017/06/22/marketmakers.html">http://vitalik.ca/general/2017/06/22/marketmakers.html</a>
<p>Please reach out if you would like to get involved or support the project.</p> <p>Please reach out if you would like to get involved or support the project.</p>