08-25-2021, 03:13 AM
Five years ago, Vitalik Buterin revolutionized decentralized exchanges with a short
<!-- SC_OFF --><div class="md"><p>Vitalik is of course best known for founding Ethereum. However, today I learned that he also figured out the math and mechanisms to make future DEX'es like Uniswap actually work well.</p> <p>Before his Reddit post, decentralized exchanges were in a <em>terrible</em> state, with massive spreads and fluctuations. The <em>XYK</em> idea spread quickly and drastically improved status quo.</p> <p>So without further ado, here is the history-making post: <a href="https://www.reddit.com/r/ethereum/comments/55m04x/lets_run_onchain_decentralized_exchanges_the_way/">https://np.reddit.com/r/ethereum/comments/55m04x/lets_run_onchain_decentralized_exchanges_the_way/</a></p> <p>Yet another reason to love our dear skinny king.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/unprotextor"> /u/unprotextor </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pauprc/five_years_ago_vitalik_buterin_revolutionized/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pauprc/five_years_ago_vitalik_buterin_revolutionized/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Vitalik is of course best known for founding Ethereum. However, today I learned that he also figured out the math and mechanisms to make future DEX'es like Uniswap actually work well.</p> <p>Before his Reddit post, decentralized exchanges were in a <em>terrible</em> state, with massive spreads and fluctuations. The <em>XYK</em> idea spread quickly and drastically improved status quo.</p> <p>So without further ado, here is the history-making post: <a href="https://www.reddit.com/r/ethereum/comments/55m04x/lets_run_onchain_decentralized_exchanges_the_way/">https://np.reddit.com/r/ethereum/comments/55m04x/lets_run_onchain_decentralized_exchanges_the_way/</a></p> <p>Yet another reason to love our dear skinny king.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/unprotextor"> /u/unprotextor </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pauprc/five_years_ago_vitalik_buterin_revolutionized/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pauprc/five_years_ago_vitalik_buterin_revolutionized/">[comments]</a></span>Kind Regards R