A few news items this week: MinSwap annouces a Fair Initial Stake Offering and a new wallet is released called Nami Wallet for Cardano.I break down all the concepts around decentralised exchanges, I explain what an automated market maker is, how decentralised exchanges differ from centralised exchanges, what liquidity pools are, impermanent loss, slippage, and how you can benefit from liquidity mining.Full show notes at https://cardanode.com.au/ep016I also chat with Chris from Mirqur, a mathematically driven decentralised exchange built on Cardano.
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