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.
