Five years ago, Vitalik Buterin revolutionized decentralized exchanges with a short Reddit post


Vitalik is of course best known for founding Ethereum. However, today I learned that he also figured out the math and mechanisms to make future DEX’es like Uniswap actually work well.

Before his Reddit post, decentralized exchanges were in a terrible state, with massive spreads and fluctuations. The XYK idea spread quickly and drastically improved status quo.

So without further ado, here is the history-making post:

Yet another reason to love our dear skinny king.

submitted by /u/unprotextor
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