Will UNISWAP become a centralized exchange? - page 3.

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Quote from: romero121 on October 16, 2020, 06:14:33 PM

For large volume swaps the fee looks like a huge one, and the team has already mentioned about their further development and taking the fee down to 0.005% which is quite good in my opinion. Just on the fee we can't come to a conclusion that uniswap is going to be centralized in the future.

The way uniswap exchange is being developed has made it reach high compared to most other DEX available for trading. Hope the decentralized network with lower swapping fee will be the future of uniswap than going centralized.

It should be that the transaction costs that have been reduced very much like that can provide a lot of potential that can be obtained and can provide a lot of profit because usually the price of coins between exchanges has differences that can be used to make a profit, but if you do long-term trading like that it will provide The risk is very high so it should only be done by professional traders who are used to trading on Uniswap and other exchange places.

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Quote from: studio1one on October 17, 2020, 01:26:55 AM

Quote from: slackovic on October 16, 2020, 05:22:20 AM

Quote from: studio1one on October 16, 2020, 02:00:49 AM

Yea but, uniswap is a decentralized exchange which means, the funds are completely secure and are in your control because you hold the private key of your address.

Don't be so sure that your funds are completely secure if you use Uniswap or other exchanges like it. I have written a post about it last week so take a look. I was shocked what that "Approve" button actually does.

I had no idea that once you approve a token on metamask you are approving it for the unlimited tokens. An unaudited code can completely drain out our funds without us even knowing it. That's really bad.

Yeah. And that's what happened to the user I mentioned in that post. The biggest problem is that DEXes doesn't inform users about that. For me DEXes should ask a user to enter the amount of tokens they approve. Not just let them approve unlimited amount.

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Quote from: slackovic on October 16, 2020, 05:22:20 AM

Quote from: studio1one on October 16, 2020, 02:00:49 AM

Yea but, uniswap is a decentralized exchange which means, the funds are completely secure and are in your control because you hold the private key of your address.

Don't be so sure that your funds are completely secure if you use Uniswap or other exchanges like it. I have written a post about it last week so take a look. I was shocked what that "Approve" button actually does.

I had no idea that once you approve a token on metamask you are approving it for the unlimited tokens. An unaudited code can completely drain out our funds without us even knowing it. That's really bad.

romero121

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For large volume swaps the fee looks like a huge one, and the team has already mentioned about their further development and taking the fee down to 0.005% which is quite good in my opinion. Just on the fee we can't come to a conclusion that uniswap is going to be centralized in the future.

The way uniswap exchange is being developed has made it reach high compared to most other DEX available for trading. Hope the decentralized network with lower swapping fee will be the future of uniswap than going centralized.

yeamin.rsl

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I don't think so it won't happen ever. UNISWAP became one of the best & popular decentralized crypto exchange in recent times. If they move to centralized from decentralized then they will loose their popularity
as many traders want to trade anonymously that's why they choose Decentralized like UNISWAP,Forkdelta .

UniversityCoin

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Quote from: ArturoProfit on October 14, 2020, 02:08:36 PM

Given the latest hype news from Uniswap, is it possible that in the new management scheme there will be risks of centralization and possible absorption by big people?
For example, the Dharma Corporation may well exert pressure and control over Uniswap.

This can only be known to the exchange owners. Everything will depend on how much they want to earn. However, this concept that is presented on Uniswap can only work in this version and I doubt that someone will want to change it. The only option that is possible is the parallel launch of another already centralized exchange.

aioc

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Quote from: ArturoProfit on October 14, 2020, 02:08:36 PM

Given the latest hype news from Uniswap, is it possible that in the new management scheme there will be risks of centralization and possible absorption by big people?
For example, the Dharma Corporation may well exert pressure and control over Uniswap.

It could lose it's popularity and it might be replace by other decentralized exchange, it's doing great being a decentralized why change the format or features, there are already a lot of centralized exchange and Uniswap will better staying decentralized just look on it's volume and price it will soon land in the top 10 .

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Quote from: ArturoProfit on October 14, 2020, 02:08:36 PM

Given the latest hype news from Uniswap, is it possible that in the new management scheme there will be risks of centralization and possible absorption by big people?
For example, the Dharma Corporation may well exert pressure and control over Uniswap.

Many people use Uniswap because the exchange is decentralized, but the possibility to become centralized will always exist. But I think if this action is taken then, Uniswap will lose its identity.

qomariah95

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Seeing the current development of Uniswap, of course there is still a possibility that it will happen. But due to different protocols, Uniswap is unlikely to be a centralized exchange. Because people like Uniswap because it is decentralized. Just imagine if uniswap was originally centralized, surely not many people would choose the exchange. There will be many regulations that change such as requiring KYC and so on.

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Quote from: emrecemsan on October 16, 2020, 10:25:49 AM

Uniswap cannot be a centralized exchange, but it can be one of the most powerful decentralized exchange markets. But first, the gas fee should definitely be dropped. Additionally, they are very successful in terms of security and interface.

If people keep on using the UNISWAP the gas wont be dropping but instead it would just make the ETH network clogged making the fees expensive. It also expensive using the exchange because you are paying more compared to using a cex exchange.

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Binance, which is a centralized exchanger and has a large transaction volume, also has a decentralized exchanger, namely Binance DEX. It does not rule out this happening because it all depends on the conditions that exist at a certain time

we can see from binance and it will definitely happen at uniswap. We can see that Uniswap is now a busy exchange and that gives Uniswap the opportunity to become decentralized like Binance.

emrecemsan

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Uniswap cannot be a centralized exchange, but it can be one of the most powerful decentralized exchange markets. But first, the gas fee should definitely be dropped. Additionally, they are very successful in terms of security and interface.

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Quote from: studio1one on October 16, 2020, 02:00:49 AM

Quote from: bayu7adi on October 15, 2020, 10:07:22 PM

Quote from: studio1one on October 15, 2020, 05:40:39 AM

I don't think UNISWAP can ever become a centralized exchange mainly because of two reasons.

1. Uniswap's code is completely open-source which means everyone can build on uniswap.
2. If they ever become centralized, that would mean UNI tokens will become kind of useless because the main use case of UNI was the governance of uniswap exchange.

But anything can happen to this ecosystem, when the worst thing happens, all we can do is shout in the media in hopes that the cunning team will turn out to be wise.
We can take safe steps by not putting most of our assets on UNISWAP, so that all bad possibilities will be minimized the losses, and also if UNISWAP becomes a successful project, at least we won't be left behind to the moon.

Yea but, uniswap is a decentralized exchange which means, the funds are completely secure and are in your control because you hold the private key of your address.

That's the meaning of dex and defi, i also don't think that uniswap can become centralized just because one of their whales are related to some cex or other centralized thing

1GUARDIAN

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I think that all such platforms on which decentralized exchanges take place will eventually succumb to pressure from regulators and make the necessary amendments to their activities. It's only a matter of time before it happens.

We already had a similar precedent with the IDEX exchange. It all started very well, until new requirements appeared on the passage of the KYC and restrictions on the withdrawals.

Gayong88

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Currently, The biggest UNI holders are the main bearers of the Dharma and this is natural. What is certain is that in my opinion there will be a good solution in addressing these issues from several parties and the following policies will be taken so that the DeFi ecosystem runs well.

bitcoin-shark

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I sincerely hope that uniswap does not move towards centralization, currently it is one of my favorite decentralized exchanges and I also use its defi part I hope it does not follow in the footsteps of idex which after its centralization has really lost many users...

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Quote from: Kunnu on October 16, 2020, 04:46:28 AM

There is no doubt If uniswap becomes a centralized exchange then it will be in the list of those cex exchanges which are currently in the trust circle of crypto community but the probability of uniswap to becoming a cex doesn't look higher to me so I don't think this is gonna happen ever.

Yes, the centralized exchange owned by Uniswap is very good because the exchange has managed to attract the attention of crypto traders for now, only to survive for a long time I myself still doubt because the trend from Uniswap itself has only happened this year.

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Quote from: studio1one on October 16, 2020, 02:00:49 AM

Yea but, uniswap is a decentralized exchange which means, the funds are completely secure and are in your control because you hold the private key of your address.

Don't be so sure that your funds are completely secure if you use Uniswap or other exchanges like it. I have written a post about it last week so take a look. I was shocked what that "Approve" button actually does.

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Quote from: CuriousGeorge on October 16, 2020, 02:56:39 AM

Even CZ itself has already stated if UNI can be threatened a lot of centralized exchange sites. I remember CZ has already published his statement too.
In fact if the swap service has become a very good alternative to the centralized exchange site.
billions money have already locked on the swap service too. It has proven if the swap service has become a very big oppenent to the centralized exchange site. It grows very fast.

IMO, it is impossible that Uniswap could actually go beyond centralized exchanges such as Binance. The transaction fee and liquidity fee in Uniswap is too huge and the risk for new tokens is too much compared to tokens you could trade on Binance and other centralized exchange which are already reputable and less risky.

Centralized exchange also have fix transaction fees per trade such as in Binance, I believe it is just 0.10 percent of your trading amount which is relatively better than uniswap when sometimes if the gas fee is huge, one transaction could cost higher than 30 USD.

Kunnu

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There is no doubt If uniswap becomes a centralized exchange then it will be in the list of those cex exchanges which are currently in the trust circle of crypto community but the probability of uniswap to becoming a cex doesn't look higher to me so I don't think this is gonna happen ever.

Topic: Will UNISWAP become a centralized exchange? - page 3. (Read 961 times)