Defi DEXs Compared: Uniswap vs. Curve vs. Balancer 👨🏫
ฝัง
- เผยแพร่เมื่อ 19 มิ.ย. 2024
- 🔥 TOP Crypto TIPS In My Newsletter 👉 guy.coinbureau.com/signup/
🗻 Get The Top Deals In Crypto 👉 guy.coinbureau.com/deals/
📲 Coin Bureau Insider Channel 👉 t.me/cbinsider
🐦 Follow Our Twitter 👉 / coinbureau
📺 Uniswap 👉 • Uniswap Guide & Why it...
📺 Yield Farming 👉 • Yield Farming: MAXIMIS...
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
- TIMESTAMPS -
0:00 Intro
1:33 What is a DEX?
5:08 Uniswap
10:02 Curve Finance
15:02 Balancer
19:33 Conclusion
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
⛓️ 🔗 Useful Links 🔗 ⛓️
► Uniswap: app.uniswap.org/
► Curve Finance: www.curve.fi/
► Balancer Exchange: balancer.exchange/
► Uniswap Docs: uniswap.org/docs/v2/
► Curve Docs: www.curve.fi/devdocs
► Balancer Docs: balancer.finance/whitepaper/
► Decentralised: www.getsmarter.com/blog/marke...
► Impermanent Loss: / survey-of-automated-ma...
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
🤔 What is a Dex? 🤔
A Dex is a platform where you can exchange two different cryptocurrency without the need for a centralised entity. They are non custodial and trustless.
These Dexs are also built as decentralised applications or dApps. This means that in order to interact with them you will have to use a web 3.0 wallet on your browser. These include the likes of Metamask, Trust wallet, Coinbase wallet etc.
You always remain in control of your keys. You and you alone can determine exactly what you want to do with your crypto.
Another benefit of these decentralised exchanges is that they are anonymous. You don't have to submit any KYC..
One more benefit of these decentralised exchanges is the opportunity to earn income yourself. You can do this by providing liquidity to their trading pools.
1️⃣ Uniswap 1️⃣
It it a decentralised exchange that has done away with the concept of order books entirely. It is what is termed an Automated Market Maker. When you want to trade on Uniswap, you will enter the amount that you would like to trade and Uniswap will provide a rate.
This exchange is facilitated through the use of global liquidity pools for ERC20 assets.
At Uniswap, you can also provide liquidity to the pools that other traders can use in order to faciliate the transactions. As a liquidity provider at Uniswap, you will get a share of those liqudity provider fees that they charge all of their traders.
If you are supplying liquidity to a pool on uniswap then you run the risk of "impermanent" loss. This is basically a term that is used to describe the opportunity cost you could incur due to a relative change in the composition of your pooled funds.
2️⃣ Curve Finance 2️⃣
Curve Finance is a Decentralised Exchange that makes use of liquidity pools. However, it facilitates high liquidity with minimal slippage for stablecoins. This is possible through the use of what are termed 'Bonding curves'.
There is Dex function on the homepage where you can quickly exchange your stablecoins and wrapped Bitcoin assets.
Much like at Uniswap, when you supply liquidity to a pool, you are providing users with an opportunity to swap their tokens one for another. However, an interesting thing to note about doing so on Curve is that you don't have too much risk from impermenant loss
If you head on over to the Curve Finance homepage then you will see all of the liquidity pools at the moment to which you can join.
Curve has also just released their own Governance token (CRV). These CRV rewards are distributed to all of those that are supplying liquidity.
3️⃣ Balancer 3️⃣
Balancer is a dex and crypto asset management platform. It acts as an automated portfolio manager, liquidity provider, and price sensor.
One of the main benefits of Balancer is the way that they approach that problem of impermenant loss.
Users can deposit any asset that they desire and still earn liquidity trading fees on it. They can also adjust their allocations to suit their own individual needs.
Balancer has their own BAL governance tokens that they have also been distributing as a reward for providing liquidity.
Balancer also has an advanced decentralised exchange which allows you to swap these assets with minimal slippage. They use smart order routing in order to find the best pairs to execute your order through.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Defi #Dex #Yieldfarming #uniswap #curve #balancer #crypto #Ethereum #trading
![[Full Episode] MasterChef Junior Thailand มาสเตอร์เชฟ จูเนียร์ ประเทศไทย Season 3 Episode 3](http://i.ytimg.com/vi/A1XXYbV048k/mqdefault.jpg)
The crypto community needs more people like you honestly. People who actually discuss facts and provide insightful analysis instead of being mindless moonboys, scammers and hopium smokers.
Anyswap Could be The Best Placed Alternative
Anyswap. The exchange platform is a relatively new open source cross-chain solution. The protocol provides seamless pricing and liquidity systems through its various automation.
@@28annabel "instead of being mindless moonboys, scammers and hopium smokers.
"
DeFi is so confusing. The more I learn about crypto, the more I realize I know nothing about it.
The more I learn about anything the more I learn how little I know about it. 😓
LOL!!!
It always seem like this for many people too. When I was getting too confused. I bought some Bitcoin, did research about some altcoins , bought and stake them. Few of them are $AWC(Atomic Wallet Coin), $ALGO, $XTZ.....I am staking all on Atomic Wallet and they're all bringing return.
I haven't gone into DeFi because I need to understand. You can make do with staking on Atomic Wallet but DYOR. Visit atomicwallet.io to download wallet and see different coins you can research on but make sure to see $AWC most importantly.
Here is a source of info : cryptonews.com/news/top-5-defi-projects-to-watch-in-2020-7452.htm
it helped me a bit :)
A flock of sheep
A gaggle of geese
A $hit$how of defi's.
Just a joke. I like defi.
DeFi is what happens in WallStreet but bringing it to the masses. There is a learning curve, but really all these things already exist in the conventional finance world you just never heard about it because you needed to be a banker or hedge fund manager to do or know about these things
Bloody hell.. I just realised how much i like your content and appreciate your energy.. Best of the excellence
When you started explaining pooling, I was thinking about pooling my DMG and then I see you doing the same. Feels nice seeing someone with your integrity holding this overlooked gem.
just wanted to thank for all the information that you provide. i have learned so much from your videos in the falling month. thank you sir
Thanks alot for this. I was worried about impermanent loss on Uniswap. It's nice that you've explained this so simply to us regular people.
I am so glad that you are there Guy. You work and efforts educate us so much. Best wishes and keep up the outstanding work. Every time I watch one of your videos, I keep thinking, what can we do for Guy! For now, a deep and sincere thank you!
🧡💛💚💙 Thankyou so much for this video. We needed these clear and thorough explanations!
Gosh this guy is vital. Perfect advice for anyone involved in crypto. Even the developers could take a hint from him. He knows what treasure looks like.
Excellent work Coin Bureau! Good overview of the DEXs, I use Balancer and Uniswap, thinking of trying Curve and Thorchain (when they launch mainnet)
Balancer looks cool. Definitely slept on it.
Great coverage man
New good stuff. Thank you. Step by step I'm getting more educated.
Guy makes so many great videos, that I can't call them great any more. In order to be clear, I must say it is a "very normal consistent video for a superb channel that is almost without equal".
Lol thanks mate. Honestly, just try to make sure I cover all my bases. Give unbiased and thorough vids that helps you guys make informed decisions.
wow that curve interface looks very inspired by the curses library 🤗
High quality guide, thx
Excellent ability to explain the complex.
Great video! Thanks! Regarding your high gas fees point: Thought of making a video about ETH 2.0 type new protocols like Harmony Protocol?
Great Analysis and Comparision!!
You sire are the best resource for learning about the fascinating world of cryptos , kudos
नमस्ते 🙏
Hello there! Glad that i found a youtuber like you whose every video lengths about 20 minutes and still i never thought of skipping for even 10 seconds. I am also very much impressed by the way you decorate your description box. Keep up the good work.
One humble request for you. Could you please make a separate playlist to cover complete blockchain technology in a perfect order (basic to advanced)?
Because there are many people like me who are fascinated by the idea of blockchain but rarely do they know about it. Looking forward for a positive response. Thanks! 😊
My favorite TH-camr who only tells us the truth and then his personal opinion. Trying to emulate him on my channel. With that said, Coin Bureau will always be the best.
It's good to have a positive role model. Good attitude. 👍
Last minute of thoughtful warnings/ considerations made me stick to Binance Only. Thought it is centralized exchange, but being a retail investor I cant afford to lose money while these DEXs attain to reach a more stable version. Also ETH gas cost just makes certain that these DEXs are currently for big players only.
Total legend Guy. Thank you but I’m gona have to watch it 5times seems so complex.
Well said!
Thanks Guy good stuff.
No problem!
Great video !
Lol, Curve looks like DOSShell...good stuff as usual
that acoustic treatment was a great buy guy!
You are a gem ! Please don’t betray us for marketing. Very informative I am in love with the guy
Thanks so much Vishnu!
@@CoinBureau I am an international student studying in London. I have lots of money to pay back home. I am studying from you never let us down.
what do you think about the stakenet Dex? Its not finish, but the idea is unique.
Balancer has by far the superior technology and the BAL token will move at least 100X from where it’s currently valued. The market cap of Balancer still has 100X growth from here. Exciting times ahead!
great content ! how about some trx defi vids ? few but they out there , lets save some fees
Great vid. Thx.
Well done young man
Guy, I've only recently been investing into this crypto world, what an eye opener..!! however with your well explained videos I've managed to take onboard some of the potential gains and already have a portfolio of Cardano, XRP, Vechain, Pokadot and Kyber Network. I've just ordered a Ledge Nano X for cold storage and signed up to PI for free tokens. I've also managed to set up a Yoroi wallet for staking. All this in a matter of 2-3 weeks... but I would be stuck without your Vids and not forgetting I've signed up to the news letter. Many Thanks Dave..
Note: Still not sure about investing in ETH 2.0 due to all the bugs as other competitors or due to my inexperience am I missing something.
You’re on the right track. You’ve chosen some good projects. Although I am not a fan of ex RP because of the centralization, there is still plenty of upside and money to be made.
Eth is still currently the king of Smart Contracts in terms of Size, Projects and Programming. Moving to Eth v2 is just a process and don't be dettered by the issues they are ironed out in the Testnet. They are developing and finding all the issues before release, which is more than what a lot of other projects do - take Yam for example.
Your portfolio looks excellent except for the RIPple.
Hey Guy, I've been following for a few months, I really appreciate the newsletter. I have a question regarding portfolio management, as it was something mentioned in today's newsletter but not expanded upon. Q: what tools are you using to manage your portfolio in real time, if any? Are the ratio's measured against the BTC value or the fiat value of the portfolio? Do the assets in your portfolio exist as; *complex* trading positions (*anything other than hodling the underlying asset) / pooled liquidity / staked tokens? If yes, would you consider creating a video series specifically on the subject of diversifying asset allocation whilst managing portfolio ratios.
Thanks for reading! James
My thoughts exactly. I second that idea.
you're the most honest looking guy in the crypto news space
I'm surprised you haven't included Hydranet DEX in your video, any reason?
Hydranet’s DEX is in Beta at the moment. This video is about the top 3. Nevertheless, Hydranet’s DEX might be a game-changer because if its layer-3 solution.
🔥🔥🔥COMMON CB!😮 YOU'RE GOOD.
This guy is far better than some of those people we feel that are good, someone like ivan on tech, they're all trashes😡
Cb knows what he's doing
Look how CB simplified everything. All those craps out there make it seem so tough for me.
I'm paying someone to trade for me just because they make Bitcoin trading seem tough to me.
@Brown Jr hahaha no I won't! I'm tired of trading on my own, as I lose so much doing so. I prefer doing it through my expert.
@Nichole Jean I don't really like trading with the help of an expert as they charge much.
Great Video
Hi, newbie question, is IDEX & DEX the same product? Binance gives me the option to purchase IDEX.
Can you analyse IOST please. Thank you very much !
Which one is better for investment Sir. Kindly confirm
I like Curve too!! Good!
Ok aussie fella,keeping the video for centrelink,finger crossed hope they go up as you adviced.James used to be over clever such as u
I threw a little DAI and USDC into my MetaMask to test Curve but it appears they like to use cDAI and cUSDC. It has not been easy to convert it.
I looked at possibly using Compound Finance. The sample for the first attempt was only $100 of each. I looked at supplying DAI and they asked to authorize an $18 fee. lol Who is the brilliant guy who came up with this model?
Hi good morning i have a question. where i can buy DMM, MLN, and more DEFI because Binance and Uniswap and Coinbase doesen't have it
thanks
Great that you mention the risk associated with impermanent loss, though I would've probably added just a tad more information about the graph you show and WHY the proportion of your two tokens has an influence on the value of your position.
In addition, you mention that impermanent loss is not a risk when providing liquidity between two stable coins, which is true, but I wanted to ask: impermanent loss would still be relevant on curve when supplying liquidity for an sBTC pool right? You mentioned that this is what you were doing.
Any answers so far?
Is there an something which is not runing on erc20?
I'm one of that excluded people who can't participate in the financial innovations, and that kinda sad. It is almost impossible to cover all the transaction fee nowadays and get some profit. Hope this DEX game will change for average Joe in the future.
Is the coinbase wallet actually safe to use or is it sorta centralized because it is coinbase? I use cb wallet for uniswap
Good content.
When will Matic Network help ETH with their scaling solutions ?
would you say the curve and balancer tokens are not for investment?
When you say there's more on CRV below, I don't see anything but the curve finance link, not more on it's mechanics. I want to know too, how to reduce ETH Gas in all these sort of transactions as it's very high now & I value my ETH very much & I want to maintain as much as possible in all transactions.
Is it profitable to add liquidity if you have like 1000 DAI only? How much is the minimum liquidity you could add to see profits?
Thank you
Very good work! Moroccan people also stand with crypto and Bitcoin!
It s oppotunity for everyone, Yes man
Please make video on newly listed SRM coin Video soon, Thanks
Hey can you please do a review about Lukso?
How good is Kyber compared to Uniswap, Curve, balancer?
Talk about Bancor! It has NO impermanent loss and it's fully working right now!
Such a genius ❤️ bless you
Thanks sir
Openpredict protocol by Dao next! Anyway best cryptochanel!!!
Is there a way to get trade historys to do ones taxes on these dex's? Obviously there wont be statements...
Could you make an update for that?
It is not clear to me how liquidity providers earn fees. For instance, Uniswap, do you get the LP fees when you remove the liquidity or does it show up in your wallet periodically? Is there a way to check how much you have earned in LP fees without removing liquidity? Also because of impermanent loss, if the fees are bundled together with the initial deposited principal how does one even know the ROI of providing liquidity?
Is it possible to get leverage on any of these three DEXes?
Vitex exchange - i am very optimistic about this exhange,
Take a look to Hashgard DEFI and so cheap now ! Massive gains!
If the price slippage issue is more pronounced on Uniswap, why would anyone invest into their liquidity pool over Curve's liquidity pool?
So to buy into Curve, one would purchase the CRV token? Is this a good pickup?
Yes very
19:55 is that a Doug Demuro reference
lol. Good spot there mate.
Urs is the best crypto channel :)
please can you put the link of the articles you show off
Very Informative video Guy, Thanks. Which is safer Staking (for example at Aave or pooling at Balance)? Also, this question has been on my mind regarding DEXes and Defi....Even-though they are not being regulated, but what if their website gets shut down by Gov or authorities? after all it's a domain name!!
Penny for your thought.
Hi Ali. Honestly I would consider staking at Aave. This is just because balancer is quite new and they did have their Statera pool attacked a few months ago. Regarding the Dex's, they can always seize a domain on the front end but the actual trading infrastructure (smart contracts) are on a blockchain. They cannot be taken down. So they can just set up a new front end on a new domain. Eventually though, they should progress to IPFS which cannot be shut down at all.
@@CoinBureau Thanks for the reply..it makes sense now. As to lending out coin, I was asking in general...Staking vs. Pooling....I guess staking is less complicated and safer.
Also, I heard there is a way that we can stake our coins keeping the coin on our ledger and give away "the right of use"? Is it true?
Hello
Start mining Pi, the cryptocurrency will be launched this year, and once it does, you won't be able to mine anymore. You don't need graphics cards you only need your phone, which is cloud mining. It doesn't consume battery. It's on coinmarketcap in the untracked listing. On the marketplace, there are already transactions for a value of $100 approx and when you just download the app you mine at 0.25 pis/hour. Use my code as an invitation.
Code: Chutsky
Download the app Pi network.
Pi is a relatively new cryptocurrency...isn’t it always better to get in early? Just push a button on the app once every 24-hours...and next thing you know you are mining Pi.
Pi doesn’t have value, but hopefully, as more and more people join...it will be worth something. I mean, bitcoin started without value...now look at it.
I funded the sBTC CRV liquidity pool, but there is no option to stake
Thx G, another fine Bureau release. DOT"s on the rise !
How would you compare those DEXs with Nash?
I WANNA THANKYOU SO MUCH!
Serum Dex looks good!
U the best, bratha
Can you define a 3.0 wallet? Name some? Ledger? I feel like ledger doesn’t cover obscure new defi tokens. Jaxx? Exodus? Any help?
MetaMask
Wouldn't using coinbase as a vehicle to transfer your crypto to the DEX defeat the purpose of privacy?
Hey don't forget about SpaceSwap. I think it is in the same row like Uniswap vs. Curve vs. Balancer
Curve is my favorite because of the UI. But I don't even use stable coins lol, maybe I'll buy some though just to participate in the dex.
$bal looking good. Might fly soon
Quirks and features… somebody has been watching doug demuro
What’s your choice to wrap your ETH?
Project serum is about to raise the bar by miles and is lunching within a week, brought to you mainly by FTX and is truly decentralized on all layers unlike some of these picks. Guy you gotta check out Serum and do a video on it, it's a DEX on steroids!
awesome
Another insightful video. Could you please revisit ICON ? What are they up-to lately and what do you think about their new developments
Yes pls
The ETH fees are robbery.
You must add that the fees aka eth mining fees will evaporate any real profit. Not to talk of slippage and hanging transactions. My question is are there no good dexs that can handle non erc20 tokens pls do a video on that thanks
The sokuswap Community will appreciate a review
Your videos are 2nd to none!
you should do a mere video about curve.fi
I've been on Coinbase forever. Sick of all the nonsense, waiting for funds to be released, etc. I want to go decentralized, but which one is good for beginners?
Which coin would you suggest between Cardano and Polkadot?
That's a tough question. The answer comes down to loads of research and weighing pros and cons. You could also go 50/50. No telling. This is all so experimental, something will stick though.