Uniswap clone script (top 10 features)
Tags: blockchain, webdev
Published: 2022-10-30 07:53:20


Uniswap clone script is one of the popular crypto platforms in the market due to its incredible advantages. The origin Uniswap is a convention created on the Ethereum blockchain and used ERC20 tokens for trading. This clone script is an instant and pre-made programming arrangement which is basically made to assist traders with dispatching their Defi-based cryptocurrency trade stage. Using a [**Uniswap clone**](https://radindev.com/uniswap-clone-script/), users can create their Defi-based digital money trade stage, much like Uniswap. Due to its brilliant features, we aim to provide essential features and add-ons of it that shapes its excellent capabilities in the crypto world.

![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/6rumaysy1gye9kquy8jk.jpg)
 
 ##Features of Uniswap clone script
Automated market maker 
An automated market maker or AMMs is an Uniswap feature clone that allows digital assets to be traded without permission and automatically uses liquidity pools instead of a traditional market of traders. It is worth mentioning that traders offer up different prices for an asset on a conventional crypto exchange website.
###Flash swapping
This feature is similar to the Aave flash. This allows the users to receive tokens as long as you either: 
1.	Optimistically return them
2.	Pay for them
3.	Partially return/pay for them at the end of the transaction.
###Oracles
The price oracle feature is any tool to see price information about a specific asset. It keeps the system UpToDate and allows users to verify identity (for example, loans). When you view stock prices on your phone, you are actually utilizing your phone as a price oracle.
###No middleman
One feature that distinguished this clone script from traditional tradings is that there is no trusted middleman to make trades. Thereby, a user can trade directly from their own Ethereum self-custody wallet, like Metamask, via the Ethereum blockchain network. This is something that makes this platform a decentralized exchange.
###High revenue on investment
One of the outstanding features of the clone script is high ROI. This refers to revenue on investment and can be calculated by decreasing the original price of the crypto by its selling price. After that, you must divide this result by the actual cost of the investment. In addition, the Uniswap calculator makes it easy for users to analyze their investments in the platform and find the best liquidity pool.
###Expert mode
The expert mode feature is designed for experts, so don't use it if you are not an expert. The expert mode feature allows super-high slippage trades. This may result in low exchange rates between assets and even make the user lose part of their original asset or funds. However, if the user is an experienced trader, there may be opportunities they want to miss. For instance, some defined coins have made extraordinary daily gains in a few months, and it may not be easy to get a position in it using normal slippage tolerances in such a fast-paced market. Instead, by determining high slippage and turning off confirmation transaction prompts, an expert user can settle swaps quicker than an average user.

![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/lg4dkseo32s77n0ug04t.jpg)
 
###Token swapping/exchange
This clone script allows this function by trading a token with another token. It performs by first exchanging the first token with another token into Ethereum and then using that to purchase the other token so the user can directly trade those tokens.  
###Own custody tokens
The owner of this platform will have a DEX for their traders as a safer alternative and swing of tokens in an extent centralized exchange that works in a custodial way.
###Anonymous trading
The Uniswap clone enables users to trade in private mode anonymously. Buyers and sellers can take advantage of anonymity by using the protocol incognito. It also allows private trading over various cryptocurrencies. A trader can buy or sell anonymously against the vast liquidity pools, which in turn reduces slippage.
###Flexible token exchange
In this clone Uniswap exchange app or website, anyone can swap tokens, add tokens to a pool to receive funds, or list a token on the platform. Uniswap pools tokens into smart contracts then users can trade against these liquidity pools.
Since this platform is [DEX](https://uniswap.org/), the traders benefit from more privacy protection. The clone protocols are permissionless and require no KYC. So, your platform users can trade without registering and logging into the market. The whole structure of such a platform is generated to be anonymous works. 
###Market-making bot
-	Provides 24/7 support for all trading pairs
-	Potentially raising your trading volume
-	Setting up and integrating bots
-	Creation of liquidity
-	Provides investors with algorithms of order types
-	Technical support for bots
-	Simulation of active trades in the order book
-	Setting price and gain on the spread
The other features of the Uniswap clone script are listed below:
-	Competitive Pricing
-	Support multiple wallets
-	No holding of funds
-	Secured transactions
-	Payment gateways
-	Token versatility
-	ERC20 token trading
-	Absence of order book
-	Highly Confidential
-	Trading volume ensured
-	Network switching
-	Cutting-edge liquidity

##Add-ons of the clone script	
Some development companies that provide Uniswap clone scripts and Defi clone script, like RadinDev, utilize add-ons to improve their offered platforms. Some of these add-ons are:
###Web 3.0
Due to using blockchain technology, web 3.0 provides a decentralized network.
###Liquidity tool
In the platform pools, a collection of different tokens exist, all of which are under a smart contract on an Ethereum network.
###Yield farming
This process enables crypto holders to tie up their money and receive fixed or variable interest.
###Price impact
It is an indicator representing how much better you buy a currency than the market cost. If its number is positive, the user has a free hand to make a transaction. On the contrary, if the number is negative, it would be better to wait.


![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/c5pakddrxtb29buvyj3m.PNG)

##Why should we use the Uniswap clone script?
-	It has easy options for exchanging ERC20 tokens.
-	New tokens provide direct access to the liquidity pools
-	Establish a liquidity-based exchange that is affordable to anyone
-	Acquire profit by offering funds into the liquidity pools
-	100% decentralized network without involving third parties.
##How to build an exchange platform like Uniswap
Like other exchange platforms, there are two main ways to create a Uniswap-like platform:
1.	Getting its clone script using development companies
2.	Creating it from scratch
The first method consists of two different methods. The first one is using free, open-source code available on GitHub. Thad the second one is using a pre-made clone from provider companies. The latter is thoroughly tested, guaranteed, has a high level of security, and is customizable. On the contrary, in the first method, you have to spend a lot of money and require substantial financial support. Developing such Uniswap clone script GitHub has vulnerabilities like lack of security and reliability, and it is more susceptible to cyber-attack despite having no money for development.

![Image description](https://dev-to-uploads.s3.amazonaws.com/uploads/articles/dnouf37arsqzpftupswx.jpg)
 
##Process development
RadinDev is one of the development companies that provide the clone script of this platform. Their development process is highly organized and follows the below stages:
1.	Build a strategy for Uniswap clone software based on client requirements
2.	Do deep research on all development tools and make them ready for development
3.	Use innovative contract development and go for the designing stage
4.	After the designing step, they integrate other features like API, crypto wallet, etc.
5.	Deploy the software and run different quality tests before preparing it for the client
6.	After the project manager approves it, the company delivers the platform to the client
##How does it work
To work with the clone script, you should follow the below steps:
1.	Go to your Uniswap clone script interface
2.	Connect your wallets like Metamask, trust wallet, or any other Ethereum-supported wallet.
3.	Select a token you want to exchange from
4.	Select a token you wish to exchange to.
5.	Click on swap
6.	Preview the transaction in your pop-up window
7.	Wait for the transaction to be ended on the Ethereum blockchain. Verify the transaction request in your wallet.

##Two smart contracts of the Uniswap
Regarding smart contracts, Uniswap uses two different ones:
1.	The exchange contract holds control over liquidity pools and swapping ERC20 tokens with Ethereum. 
2.	Factory contract is in charge of creating new exchange contracts and registering any new ERC20 token to an exchange contract address.