Centralized Exchanges (CEX) offer a high trading speed
and low fees. However, they often lack proper security measures and are generally against the
decentralization paradigm promoted by the Blockchain technology.
Decentralized Exchanges (DEX) were initially characterized by very low speed and high fees, but they are recently gaining popularity due to several interesting DeFi projects based on them. They also offer individuals the opportunity to act as Liquidity Providers (LP): instead of paying trading fees to centralized exchanges, they are distributed among LPs according to the amount of liquidity they offer.
SETS token is now listed on UNISWAP!compare_arrows Trade add Add Liquidity show_chart Chart
UNISWAP is among the most popular decentralized exchanges nowadays. There are mainly two roles
that you can assume owning SETS tokens while using UNISWAP:
1) Trader, who can exchange ETH for SETS or vice versa, paying a 0.3% fee. This fee is paid to Liquidity Providers, proportionally to the amount of liquidity they offered.
2) Liquidity Provider (LP) who provides both ETH and SETS tokens, proportionally to the current ETH/SETS liquidity ratio. Each LP gains a portion of the 0.3% fee paid by traders, proportionally to the share they have in the current available liquidity.
This is the classical scenario offered by UNISWAP. However, we want to incentivize people to act as LPs, since their contribution is fundamental for the success of our SETS token. Therefore, we put in place a so-called GEYSER, that acts as a decentralized, autonomous, provider of SETS tokens, that rewards LPs with additional SETS tokens, proportionally to the amount of liquidity they provide and to the time they offer such a service.
For additional information on UNISWAP, its opportunities and possible risks, please visit the UNISWAP - Understanding Returns page.