Uniswap (UNI) is a decentralized exchange (DEX) built on the Ethereum blockchain. It operates with an automated market maker (AMM) model, allowing users to swap various ERC-20 tokens directly from their wallets.
History of Uniswap (UNI)
Created by Hayden Adams in 2018, revolutionized decentralized finance (DeFi) by introducing automated market maker (AMM) models. Uniswap operates on the Ethereum blockchain, allowing users to swap ERC-20 tokens directly from their wallets.
Decentralized Exchange
Uniswap provides a decentralized exchange platform, allowing users to trade a wide range of ERC-20 tokens without the need for a traditional order book.
Liquidity Pools
Users can contribute liquidity to Uniswap's pools and earn fees based on the trading activity within those pools.
UNI Token
UNI is the governance token of Uniswap, giving holders the ability to participate in the decision-making process for protocol upgrades and changes.
DApps
Uniswap's decentralized exchange services are accessible to decentralized applications (DApps) within the Ethereum ecosystem, facilitating seamless token swaps.
Development
Uniswap's development focuses on enhancing the decentralized exchange experience. Ongoing improvements include optimizing liquidity provision, introducing governance features, and exploring layer 2 scaling solutions.