Uniswap Protocol Token
About Uniswap
Uniswap is a decentralized exchange protocol that allows users to trade Ethereum-based tokens directly from their wallets without intermediaries. The Uniswap Protocol Token (UNI) is a governance token that plays a crucial role in the decentralized governance of the Uniswap protocol, allowing token holders to participate in decision-making processes related to the platform's future development and updates. UNI is primarily used for governance purposes, but holders may also be eligible to receive rewards or incentives through various liquidity mining programs or fee distributions. Uniswap was founded by Hayden Adams.
Uniswap is a decentralized exchange protocol built on the Ethereum blockchain that allows users to securely and directly trade Ethereum-based tokens from their wallets without needing an intermediary. It uses an innovative automated market maker (AMM) model instead of a traditional order book, which enables users to provide liquidity and earn fees on their deposited tokens. This system ensures that there is always enough liquidity for trades, even for less popular tokens.