What is Uniswap ?
Uniswap: the decentralized platform to swap crypto with no middleman 🔁💸
Uniswap is the king of decentralized exchanges (DEX). Launched in 2018 on Ethereum, it allows anyone to trade crypto without a centralized company.
Uniswap is based on a powerful idea: automated peer-to-peer trading, powered by smart contracts. No order books, no KYC, just pure DeFi.
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How does Uniswap work?
Uniswap runs on an Automated Market Maker (AMM) model. Users deposit tokens into liquidity pools (like ETH/USDC) and earn a share of the trading fees.
✅ Want to swap ETH for DAI? Do it instantly, no sign-up.
✅ Want to earn passive income? Provide liquidity and earn a cut of the fees.
Everything is automated, transparent, and open 24/7.
UNI: the governance token
The UNI token was launched in 2020 to empower users. With UNI, you can:
- Vote on protocol upgrades
- Propose new ideas
- Earn rewards through staking
UNI has become a key player in DeFi, with a market cap among the top governance tokens.
Why Uniswap matters
- 🔓 It challenges centralized exchanges like Binance and Coinbase
- 💰 It provides passive income via liquidity provision
- 🌍 It’s permissionless and open to everyone
- ⚙️ It evolves constantly with V2, V3, and upcoming V4
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Know the risks
As with any DeFi project, Uniswap has its risks:
- 📉 Volatile token pairs
- ⚠️ Impermanent loss for liquidity providers
- 🧑💻 Smart contract vulnerabilities
Still, Uniswap is a foundational tool for any serious DeFi user.