Tag: Uniswap (UNI) News

Uniswap (UNI) is a decentralized exchange (DEX) platform that was launched in November 2018 by Hayden Adams. It was built on the Ethereum blockchain and leverages an automated market maker (AMM) system that allows users to trade tokens directly from their wallets and without any intermediaries.

Uniswap’s major innovation is its liquidity pools, where users can provide liquidity by depositing tokens into a pool. The liquidity providers (LPs) earn fees from traders made in their pools, which incentivizes LPs to participate, ensuring there is ample liquidity available for trading.

The platform supports a wide range of ERC-20 tokens, allowing users to trade their assets. Additionally, Uniswap’s protocol is permissionless, meaning anyone can list a new token without requiring any approval. Read from CryptoTale for any news related to Uniswap.

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