Many scammers are using DeFi to scam people. Many of them are attaching famous company on there profile even though they don't have a real connection on it. LOL
DeFi project and token is becoming popular day by day so scammers take advantage of it and scam people.
I had little idea about DEX and liquidity pool. I learned something about this from your beautiful discussion. However, i have a question and that is if the liquidity provider is getting the transaction fee at DEX, then what is the profit of the DEX owner?
Right now, Uniswap is not making right now because the design of Uniswap right now was all profit will be shared with the liquidity pool only. The project was backed by many investors and secure a 11m$ funds so they have a lot of money for the development even though they don't have profit right now. Maybe they will announce ICO for there own token that can be used to reduced fee on the exchange.
I think i should appreciate you.. just got to know more about DeFi exchange now. DeFi is new for me so don't laugh, can you share dedicated article for newbies in plain or simple English? Willing to learn more about it.
Everyone starts on being newbie. So fck off to those user who laugh at newbie.
You can refer on binance article here:
https://academy.binance.com/blockchain/the-complete-beginners-guide-to-decentralized-finance-defi