What is Uniswap (UNI)?

Website: www.uniswap.org

Maximum Supply: 1,000,000,000 UNI

Total Supply: 1,000,000,000 UNI

Circulating Supply: 523,384,244 UNI

Explorer: Uniswap Explorer

Whitepaper: Uniswap Whitepaper

What is Uniswap?

Uniswap is an ERC-20 based Ethereum protocol known for its role in facilitating the automatic exchange of decentralized finance (DeFi) tokens. Uniswap can also be called an automated liquidity protocol. Uniswap is also an example of an automated market maker (AMM). Uniswap creates more efficiency areas by solving liquidity problems with the automated solutions it offers and avoids the problems encountered in early decentralized exchanges. Uniswap is not just a decentralized exchange; It is also a protocol that tries to solve the liquidity problems experienced by platforms such as EtherDelta. By automating the market making process, it limits risk and promotes high efficiency by reducing costs for all parties. This mechanism also removes identity requirements for users and technically anyone can create liquidity pools for each token pair. Uniswap developed its own governance token, UNI, in September 2020. UNI users can contribute to the developments made within the project. According to Uniswap, their own governance token (UNI) "continues to perfectly preserve the decentralized and autonomous qualities of Uniswap, while the network is owned by the community itself and glorifies itself with sustainable infrastructure." implemented with the slogan.

When and by whom was Uniswap Developed?

Uniswap was launched to introduce AMMs to the broad audience on Ethereum. The name that brought the platform to life is Ethereum developer Hayden Adams. Adams conveyed that the main inspiration for the Uniswap platform came from one of Vitalik Buterin's own blog posts, the founder of Ethereum.