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Assessing if Uniswap can fight off the Lido heat in DEX supremacy tussle
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Uniswap’s [UNI] status as the top Automated Market Maker (AMM) could be at risk after a certain Maverick protocol announced a partnership with Lido Finance [LDO] . Like Uniswap. Maverick operates as a Decentralized Exchange (DEX) by bringing greater capital control to the liquidity market.
Realistic or not, here’s UNI’s market cap in ETH’s terms
Maverick’s announcement on 8 March revealed Lido’s position as having the most deposits of staked Ether [stETH] would play a vital role in its charge. So, instead of using Ethereum [ETH] for rewards, users would get stETH.
<p lang=«en» dir=«ltr» xml:lang=«en»>Maverick includes liquidity pools using @LidoFinance liquid staking token wstETH as quote asset Read more on ambcrypto.comAbout this in other media
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