Correlation between ZeroSwap and Uniswap
ZeroSwap Exchange is being integrated with Market Making Suite by initially taking the support of leading AMM Dexs on various blockchains like Ethereum, Binance Smart Chain, and Polygon, adding Liquidity Farming Opportunity. They provide the users with LP rewards in $ZEE every time users provide liquidity to existing AMMs. This is an additional benefit combined with earning the existing AMMs tokens.
ZeroSwap’s key utility is that it allows users to stake its native token $ZEE on the ZeroSwap Staking Module, which lets them access the products of ZeroSwap. In contrast, UniSwap’s key utility is to solve the liquidity issues in the decentralized spaces by allowing the exchange to swap tokens without relying on buyers and sellers creating that liquidity.
On the other hand, Uniswap is the first-ever Ethereum-based AMM DEX that allows users to swap ERC-20 tokens. Like most of the DEX’s in the ecosystem, UniSwap also tries to solve various problems of centralized counterparts, which includes the risk of hacking, mismanagement, and arbitrary fees, amongst more.
UniSwap allows permission-less listing of ERC20 tokens on its protocol, whereas ZeroSwap allows permission-less listing of tokens across multiple chains.
ZeroSwap and Uniswap are the most gigantic decentralized exchange in DeFi history. They both makes users’ life comfortable trading, purchasing, or even swapping their crypto asset seamlessly. ZeroSwap and Uniswap do not have a KYC verification process, making it friendlier for users and making the process 100% decentralized.
ABOUT ZeroSwap
ZeroSwap is a multi-chain compatible decentralized exchange aggregator focused on making zero-fee transactions possible. We aim to make on-chain trading simple and easy by providing Ethereum, Binance Smart Chain, Polygon and DEXes access under one roof. One of the core utilities of ZEE is to reduce friction in fundraising using digital assets.
ABOUT Uniswap
Uniswap is a decentralized finance protocol that is used to exchange cryptocurrencies. Uniswap is also the name of the company that initially built the Uniswap protocol. The protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts.
RESOURCES
Medium
