What are the top DeFi projects right now?
Some of the top DeFi projects include Uniswap, Aave, and Compound. Would you like to know more about any specific one?
Yes, tell me about Uniswap.
Uniswap is a decentralized exchange that allows users to swap various cryptocurrencies without the need for a centralized authority. It uses an automated market-making system.
How does the automated market-making work?
Automated market-making uses liquidity pools where users provide funds. Prices are determined by a mathematical formula based on the ratio of assets in the pool.
What are the risks involved in using DeFi projects?
Risks include smart contract vulnerabilities, market volatility, and potential loss of funds due to impermanent loss.
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