@michael
The result? Uniswap moves from competing directly with other AMMs to becoming the infrastructure that they build upon. This not only weakens their competitor's strategic position by making it super easy for new AMMs to have massive scale, but it having huge new entrants using their tech cements Uniswap's position for years to come. Rather than fighting vamprie attacks and liquidity wars, Uniswap gets to benefit from every innovation in the space.
Well done Uniswap crew, excited to see where this one goes.
✌️
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