Unipig Exchange - a demo version of Uniswap from the test network that runs on a rollup package to demonstrate the improvements that are possible. And all these items work on the Ethereum blockchain.
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Description of Unipig Exchange project
This resource has demonstrated unprecedented functionality: for the first time, a platform on L2. However, it demanded that it would have a special smart contract, designed for the chain in order to use all power of accumulation. The advantages of this platform:
- instant transactions;
- own meta transactions;
- an abstraction of own account.
Moreover, when working with this project, you can notice the most important plus - there is no gas. The simple and clear platform design will immediately attract your attention. All money transactions are completed in your wallet without third parties.
What is Uniswap?
The platform creates open-source tools and experimental products that interact with the Uniswap protocol.
It gives you the opportunity to participate in the financial market, which is open and accessible to everyone, and also covers the new functions of contracts. For example, arbitrary pairs between the ERC20, “instant swaps” that allow traders to receive assets and use them elsewhere. How do these things work:
| Contracts | Uniswap consists of series of the smart contracts, each of which is a unique pair of ERC-20 tokens. |
| Liquidity | Token pairs act as automated liquidity providers, who are ready to accept one token after another while maintaining the “permanent product” formula. |
Since the relative price of two paired assets can only be changed through trading, the discrepancy between the Uniswap price and other prices creates arbitrage opportunities. This mechanism ensures that UE prices always strive for market prices. Thanks to this protocol, 200 transactions per second pass on the platform.
Additional information
At the moment, there is no White paper on the platform, but in the next update, the company wants to add it. If you still have any questions, you can discuss them with the community on Twitter. Also, there you can find the next updates, promotions and participate in contests.