Community Forex Questions
What is Uniswap?
Uniswap is an automated liquidity protocol powered by a constant product formula and implemented in an Ethereum blockchain system of non-upgradeable smart contracts. It eliminates the need for trusted intermediaries, putting decentralisation, censorship resistance, and security first.
https://uniswap.org
Uniswap is a leading decentralized exchange (DEX) built on the Ethereum blockchain, enabling users to trade cryptocurrencies directly from their wallets without intermediaries. Unlike traditional exchanges, Uniswap operates on an automated liquidity protocol, using smart contracts and liquidity pools instead of order books. Users can swap tokens seamlessly, and liquidity providers earn fees by depositing crypto into these pools. Uniswap’s native token, UNI, grants governance rights, allowing holders to vote on platform upgrades. Known for its permissionless and trustless design, Uniswap supports a wide range of ERC-20 tokens and promotes DeFi (Decentralized Finance) innovation. Its open-source nature and user-friendly interface have made it a cornerstone of the crypto ecosystem, empowering peer-to-peer trading with transparency and security.

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