Setting up a DEX such as Uniswap is quite hectic; hence planning and effort have to be put into it. Here are the details step-by-step:
Market Research
Select Blockchain Platform
Smart Contract Development
Design UI
Wallet Integration
Liquidity Incentives
Develop a yield farming capability so that providers are attracted to the liquidity.
Testing and Security Audits
Launch and Market
Come up with a marketing strategy by including SEO, Content marketing, and community engagement to attract both the user and the liquidity. This is how to create a competitive DEX by simply following these steps and leveraging a Uniswap clone script in the growing DeFi space.
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