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Hayden Adams Explains Uniswap and the Rise of DeFi
Odd Lots
Creating a New Market on Uniswap
An automate market maker is a way of coordinating market participants within uni swap. Anyone can create a new market on uniswap by calling what's called a factory smart contract, which deploys a new market for two tokens. And then they can create liquidity in those two tokens by basicaly depositing a sum of two assets into that smart contract. So you're not coordinating between people, but you're actually accordinating people to a smart contract. Uniswap basically has built in fees. Every time someone makes a trade, there's a taken on the trade, and that's paid out to liquidity providers as eyre called.
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