UNI is the native token of the decentralized finance (DeFi) platform Uniswap. Uniswap is a decentralized exchange built on the Ethereum blockchain that enables users to trade ERC-20 tokens directly from their wallets without the need for intermediaries.

The UNI token serves multiple purposes within the Uniswap ecosystem. Firstly, it acts as a governance token, granting holders the right to participate in the decision-making process of the platform. UNI token holders can propose and vote on changes to the protocol, including upgrades, fee adjustments, and other governance-related matters.

Secondly, UNI tokens provide liquidity providers with rewards. When users contribute liquidity to Uniswap pools, they receive UNI tokens as an incentive. These rewards are designed to encourage liquidity provision and attract users to the platform.

Furthermore, UNI tokens can be used for fee discounts and other benefits within the Uniswap ecosystem. Holding UNI tokens can give users access to special features and privileges on the platform.

Since its launch in 2020, Uniswap and the UNI token have gained significant popularity within the DeFi space, contributing to the growth and development of decentralized exchanges and liquidity provision in the cryptocurrency market.

UNI token is the native cryptocurrency of the decentralized exchange (DEX) Uniswap, built on the Ethereum blockchain. As an ERC-20 token, UNI facilitates governance and incentivizes liquidity providers on the Uniswap platform. It enables users to participate in decision-making processes regarding protocol upgrades, fee structures, and other governance matters through voting. Additionally, UNI tokens can be earned by providing liquidity to Uniswap pools, thereby contributing to the platform's liquidity depth. UNI's value can fluctuate based on market demand and trading activity. Overall, UNI token plays a crucial role in Uniswap's ecosystem, empowering users and fostering community engagement within the decentralized finance (DeFi) space.