defi DeFi Explained

[RusefSandi]

Have you ever heard about decentralized finance? If not, here’s the right video for you. In this video, you will find all you need to know about decentralized finance - DeFi.

 

[Jone]

 🤭 UNISWAP LEFT BEHIND?

In the realm of the DEX boom, Uniswap V3 (https://uniswap.org/) is leaving behind. Uniswap has once carved out a niche in the market. Yet, let’s face the music - even titans can lose over time! The next gen platform that looks ahead of the pack is Algebra.Finance (https://algebra.finance/?utm_source=telegram&utm_medium=social&utm_campaign=farming).

Algebra is the multi-solution DEX built on Polygon, powered by concentrated liquidity. On top of concentrated liquidity (as on Uniswap) it offers game-changing features👇🏻

⚡️Dynamic Fees 
Uniswap V3 features 3 pools and liquidity providers can’t predict the best one; they have to move liquidity between pools to get the highest fees. 
Algebra offers only 1 pool which solves this problem; dynamic fees vary on volatility, trading & pool volumes. This way, price slippage and impermanent loss are minimized.

⚡️Built-in Farming 
Uniswap V3 doesn’t have in-platform farming - users have to apply to external smart contracts to farm tokens. 
Algebra offers built-in farming which allows liquidity providers to earn rewards on extra project tokens. You don’t need to harness external platforms to farm and gain profit.

As the project claims - they're developing more unique features coming soon. Could they take over Uniswap V3 and become the next-gen DEX?