- Official Website: uniswap.org
- Definition: Uniswap is a decentralized exchange (DEX) for trading Ethereum-based tokens.
- Category: DeFi, DEX, Token.
- What It Is: A protocol for automated liquidity provision and token swaps.
- Function: Enables peer-to-peer trading without intermediaries.
- Analogy: Think of Uniswap as a vending machine for tokens. You put in one token and get another instantly.
- Pros: Decentralized, no KYC, strong community.
- Cons: High gas fees, impermanent loss for liquidity providers.
- Controversies: Regulatory scrutiny, competition from other DEXs.
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This page was last updated on January 28, 2025.
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