Bots obviously change that distribution based on what the price is on other exchanges, but at the protocol level there is no oracles or feeds, so the bots’ work is more the market doing its job rather than anything to do with the dapp itself.
Therefore we have here an open broker of sorts with YFI listed on it pretty much as soon as it launched because anyone can list assets on Uniswap.
So we get silly things like Tendies (tend), the dummest token ever, with its selling point apparently being that 51% of the supply is burned at 4% a day with 49% of the supply then redistributed to the top token holders until presumably one address has all the tendies, lmao.
And then there’s LID which says: “The Liquidity Dividends Protocol uses new technology that provides solutions for depositing liquidity into Uniswap while also offering a social rewards based staking system.”
We don’t dare go to the second page because who on earth is DMG? Too much new stuff here with them stupid kids and their stupid tokens making grandpas learn silly things, but we assume some of them are good tokens.
Just heed Uniswap’s own warning that: “Anyone can create and name any ERC20 token on Ethereum, including creating fake versions of existing tokens and tokens that claim to represent projects that do not have a token.
Similar to Etherscan, this site automatically tracks analytics for all ERC20 tokens independent of token integrity. Please do your own research before interacting with any ERC20 token.”
In fact there’s so many YFIs here, it’s ridiculous, with suggestions people in China are just creating scam tokens to fool people into thinking it’s the YFI, of which there is only one.
So bear in mind that with openness and with freedom comes responsabilita, and therefore make sure to check and re-check everything.
Otherwise though if you didn’t know about this dapp and had some free time you were looking to spend, then there’s plenty of fun stuff to do as there’s a lot of silly things on there, but also presumably some very good stuff too.