2

Uniswap is the leading decentralized exchange for many ERC20 tokens. DOT is an example of such a token I'm guessing since it's a self-declared complementary extension of the Ethereum ecosystem, so why doesn't DOT appear in the Uniswap App for trading against Ether? It's tradeable on Kraken (centralized exchange), yet not on Uniswap (decentralized exchange), but there's no point in buying DeFi coins like DOT on centralized exchanges now is there

Improve this question

1 Answer 1

Reset to default
3

Uniswap only lists tokens created on Ethereum such as ERC-20 tokens. Polkadot is not an ERC20 token. It runs on its own blockchain. :)

Improve this answer
7
  • so DOT doesn't really fall into the category, or its motivation is not driven upon, DeFi?
    – user610620
    Jan 17, 2021 at 11:44
  • Which category are you referring to?
    – AvocadoChocolate
    Jan 17, 2021 at 11:50
  • the DeFi category
    – user610620
    Jan 17, 2021 at 12:34
  • No, DeFi can work on polkadot. But the thing is, Uniswap is a DApp built ontop of the Ethereum blockchain. Polkadot is not built ontop of Ethereum, but its own blockchain. Thus, DOT cannot run on Ethereum and thus not on Uniswap.
    – AvocadoChocolate
    Jan 17, 2021 at 12:47
  • 1
    Is there going to be a decentralized exhange for Cardano-based tokens instead of ERC-20 tokens?
    – user610620
    Feb 21, 2021 at 22:52

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge that you have read and understand our privacy policy and code of conduct.

Not the answer you're looking for? Browse other questions tagged or ask your own question.