Bankless 10 - Going Bankless with Uniswap | Caleb Sheridan
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May 4, 2020 
Caleb Sheridan, a data analyst at Blocklytics, dives into the fascinating world of Uniswap, describing it as a 'liquidity robot' transforming the DeFi landscape. He elaborates on how Uniswap facilitates trading, liquidity provision, and asset listing. Caleb shares insights on its strategic advantages over competitors and the concept of the upcoming 'liquidity robot wars.' He also discusses Uniswap's role as a decentralized oracle and its potential to redefine finance by providing users with the ability to trade seamlessly and accessively.
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Caleb's Uniswap Journey
- Caleb Sheridan's interest in Uniswap stemmed from Vitalik Buterin highlighting it as a tokenless public goods project.
- The simplicity of Uniswap's token swapping, compared to centralized exchanges, intrigued him.
Trading on Uniswap
- Users trade directly with a smart contract on Uniswap, not an order book, changing the asset ratio and price.
- A 0.3% fee, paid in ETH, is distributed among liquidity providers.
Minimizing Slippage
- For large trades on Uniswap, split them over time to minimize slippage.
- Even large trades, up to $100,000, experience low slippage in deep pools like ETH-DAI.