How Uniswap Became King of DEXs

How Uniswap Became King of DEXs

(Kevin Gutowski/Unsplash)

Haseeb Qureshi is a managing partner at Dragonfly Capital, a crossborder crypto venture fund. A longer version of this post is .

Imagine a college friend reached out to you and said, “Hey, I have a business idea. I’m going to run a market making bot. I’ll always quote a price no matter who’s asking, and for my pricing algorithm I’ll use x * y = k. That’s pretty much it. Want to invest?”

You’d run away.

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