Tutorials:Uniswap Liquidity Pools
Uniswap Liquidity Pools
Let's examine the WMatic / Summer Liquidity Pool contract.
Let's click in the Contract Tab:
Then click on Read Contract and scroll down to the 16 and 17 items:
As you can see, the liquidity pool consists of two tokens:
Wrapped Matic And Polygon Summer token.
However, if we look in the Token Holdings Tab of the contract we see that the liquidity pool holds more than 70 different tokens. And believe it or not, this is advertising spam!
Only the two tokens above are functional in the contract.
They send these tokens everywhere and somebody will notice and click on their name or take some action, and that is the objective of the advertsing. Look at this POL_MAT.COM, they sent 9,000,000,000 tokens. And it worked because I'm showing you their website!
Task:
Copy the wrapped Matic contract address.
Exercise:
- Click on View in Token Holdings and find out how much Wrapped Matic is there in the contract.
- Find the amount of Summer token in the contract.
(You may have to scroll few pages of trash tokens before getting to the Summer token.)
Remember these numbers to compare them to the liquidity pool in Ethereum in the next Quest.
We also learned that anybody can create any number of tokens and send them as spam all over. The value of a token comes from the solution it provides to some problem or issue in the real world, so that people begins to "appreciate" it.