In this era, as we all can see the Decentralized platform popularity. And we all know decentralised means our own assets are under our control. And that's good for all , no one can transfer or lock our assets without our permission.
But there are some questions that i can't find the answer.
Hope you all mates will help me out by giving answer
1. Is there any fake decentralised platform exist? (I mean how can we figure it out it's a fake one. Because recently I got one , one of my colleague told me about that fake decentralised platform which is running on Tron network)
2. Has a decentralised platform any lifespan?? ( I mean to say if we stakes some coins to get some interest , how long it will give me interest)
3. What are the precautions should be taken while providing liquidity in these decentralised exchange?
4. Uniswap is the one which is genuine and very popular. But after uniswap many more like uniswap were coming which assure us to give us maximum %APY if we stakes their token . So how can we figure which one is genuine?
Anything any tips or precautions while dealing with decentralised platform , kindly suggest me. Your suggestions will be very helpful for me and all beginners too.
But there are some questions that i can't find the answer.
Hope you all mates will help me out by giving answer
1. Is there any fake decentralised platform exist? (I mean how can we figure it out it's a fake one. Because recently I got one , one of my colleague told me about that fake decentralised platform which is running on Tron network)
2. Has a decentralised platform any lifespan?? ( I mean to say if we stakes some coins to get some interest , how long it will give me interest)
3. What are the precautions should be taken while providing liquidity in these decentralised exchange?
4. Uniswap is the one which is genuine and very popular. But after uniswap many more like uniswap were coming which assure us to give us maximum %APY if we stakes their token . So how can we figure which one is genuine?
Anything any tips or precautions while dealing with decentralised platform , kindly suggest me. Your suggestions will be very helpful for me and all beginners too.
uniswap is a bit hard to understand at first glance and has plenty of snags hidden in the smart contracts for various tokens it copes with. To get feelings of decentralized platform in general I would suggest you to try the most intuitive and safest one i.e. ostable developed on Obyte. Those threads could help you to start thread#1 and thread#2.
