Uniswap (UNI)

Uniswap is a decentralized exchange (DEX) built on the Ethereum blockchain, enabling users to trade ERC-20 tokens directly from their wallets without intermediaries. It utilizes an Automated Market Maker (AMM) system, where liquidity pools facilitate token swaps, ensuring continuous market availability.

Key Features:

• Automated Market Maker (AMM): Uniswap employs smart contracts to create liquidity pools, allowing users to trade tokens without relying on traditional order books.
• Liquidity Provision: Users can contribute to liquidity pools by depositing pairs of tokens, earning a share of the trading fees generated by the platform.
• UNI Governance Token: UNI holders can participate in the platform's governance by proposing and voting on protocol changes, influencing Uniswap's development and operations.
• Permissionless Listing: Uniswap allows any ERC-20 token to be listed without approval, fostering a diverse and open trading environment.
• Decentralized and Non-Custodial: Users maintain control of their funds, as trades are executed directly from their wallets, enhancing security and reducing reliance on centralized entities.
• Open Source: Uniswap's codebase is publicly accessible, promoting transparency and enabling community contributions to its development.