Uniswap is a decentralized finance (DeFi) protocol built on the Ethereum blockchain that enables automated liquidity provision and exchange of cryptocurrency tokens. It was designed to address the problems of traditional, centralized exchanges, such as slow order matching, lack of liquidity, and inflexibility. Uniswap provides a platform for users to exchange Ethereum ERC-20 tokens with arbitrary liquidity, while allowing them to keep control of their funds and private keys.
Uniswap operates on a set of smart contracts that enable the creation of a decentralized exchange. These contracts are the Uniswap Factory, the Uniswap Exchange, and the Uniswap Router. The Uniswap Factory allows users to create new pools of liquidity, which are known as Uniswap pools. Each pool is composed of two different ERC-20 tokens, and users provide liquidity to these pools by depositing both tokens in a predetermined ratio. The Uniswap Exchange is responsible for matching orders and executing trades between users. The Uniswap Router is responsible for routing user orders to the correct Uniswap Exchange and managing the pool of liquidity.
Founder: Hayden Adams
Launched On: 2018-10-31
Proof Of Stake
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