Uniswap, Liquidity, and the Real Trade-offs Behind “Permissionless” Trading
Common misconception: because Uniswap is decentralized and permissionless, using it is automatically simpler and safer than centralized exchanges. That impression is partly true —Uniswap eliminates custodial counterparty risk and onboarding gates — but it hides a set of practical trade-offs that every DeFi user and…
