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27 September 2020

Crypto.com latest to bank on DeFi hype with Uniswap-based exchange

Crypto.com latest to bank on DeFi hype with Uniswap-based exchange


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Crypto.com, a conglomerate dealing primarily with payments and the exchange of crypto assets, announced its foray into decentralized finance with a platform named DeFi Swap.

According to its whitepaper, published on Friday, DeFi Swap is a fork of the popular Uniswap decentralized exchange. .

Its DeFi Swap product bears some similarities with SushiSwap, another Uniswap fork that sought to attract users through an incentive scheme.

But it’s worth noting that as a Uniswap fork, DeFi Swap can be accessed by calling its contracts with alternative means, which cannot be stopped by anyone. 

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