What is Uniswap (UNI)?
Uniswap (UNI) is the world's largest decentralized exchange (DEX) on the blockchain of Ethereum. Buy and sell over 100 ERC20 tokens on Uniswap using a software wallet. Uniswap's protocol is, unlike centralized exchanges, not regulated by a central party. It is a Decentralized Autonomous Organization (DAO) driven by the users of the protocol. This makes Uniswap completely transparent, decentralized and focused on its users.
Do you have the governance token UNI? Use your UNI tokens and vote for a particular proposal. As holders of the governance token, you help determine the future of Uniswap.
How does Uniswap work?
Central exchanges use an order book. This is a list of buy- and sell orders. It shows who wants to buy or sell an asset at a given price. Uniswap on the other hand works with liquidity pools and smart contracts, both essential for Decentralized Finance (DeFi). Do you want to add liquidity yourself and receive free UNI tokens? Uniswap has several liquidity pools available.
Uniswap Liquidity Pools
A liquidity pool is a collection of crypto tokens locked into a smart contract. These smart contracts allow you to trade without the intervention of a central party. Liquidity pools enable trading in the world of DeFi. Users of the protocol also receive attractive rewards for adding liquidity themselves.
Anyone who adds liquidity to a liquidity pool will receive a share of the transaction costs incurred. The larger your share in this liquidity pool, the more you receive. In addition, you also receive UNI tokens as a reward.
Uniswap Governance
Governance is essential in the world of Decentralized Finance (DeFi). To make sure the protocol remains decentralized, all holders of UNI tokens receive a governance function. This allows you to vote on a proposal and determine the future of Uniswap. Proposals are only approved by consensus.
In the Uniswap dashboard you get an overview of all active and closed proposals, including the number of votes. Do you have a proposal yourself? Share your ideas and let the community vote.
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