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Happy ERC20 Golem Monday everyone! As you might know, our GNT -> GLM migration launched on Thursday. We are thankful and happy for the response so far (in spite of the quite high gas price!).
We would like to give a short update on the progress so far. Remember the migration has no end, so we’re just getting started. If you don’t see the DEX pair you want or support by the wallet or exchange of your preference, just be a little patient - we’ll be informing you about this every step of the way.
To follow the progress and news in real-time - check our Migration tracker website and follow us on Twitter.
Uniswap Pairs & Liquidity
This is something we’re especially excited about. Old GNT could not be traded on DEX (Decentralized exchanges) unless you added a wrapper to it, but GLM can be listed, you can set up your own pairs and markets, everything out of the ERC-20 box.
So far, the following pairs have been set up in Uniswap:
All pairs combined are currently totalling almost half a million USD in GLM in liquidity. We are quite thrilled about this as the liquidity has been community-sourced (Golem only set up the GLM / ETH pair with a small seed amount).
If you are curious about setting up DEX pairs and what benefits for the users does this have, we encourage you to read this guide.
Most importantly, Uniswap is the leading DEX in Ethereum, but there are many more such as Kyber, Balancer, Bancor, and many more. DeFi (Decentralized Finance) is formed by many DEXes and protocols and the communities decide about the listings, grow the liquidity and more. If you haven’t heard ...
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