
SLP451 Dissecting cRyPtO Scams and Outlook for 2023 with Brad Mills
Stephan Livera Podcast
00:00
Uniswap and Impermanent Loss
Richard Hart was able to actually pump the price of hacks like a thousand X from the bottom on Uniswap because it wasn't on any centralized exchanges. He exploited the bonding curve math so he can just put the two tokens pair them up and then just start buying the token because it's an inefficient market. If you had to just kept your token they call that impermanent loss when the value of one of the tokens goes up but you've market you've become a market maker and you've lost those tokens, which is called "impermanent loss"
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