What is Uniswap?

What is Uniswap (UNI)?

Uniswap is a decentralized cryptocurrency exchange platform (or DEX) on the Ethereum blockchain. Launched in 2018 by Hayden Adams, Uniswap has gone on to become the leading DEX for crypto exchange thanks to the surge in DeFi popularity and its essential role in the DeFi market— providing liquidity and facilitating trade to Ethereum tokens.  

How it works

Uniswap uses an automated market maker model(as opposed to the order book model used by centralized exchanges) for crypto exchange. By creating liquidity pools of every Ethereum token, Uniswap ensures that anyone can swap their token for another (mostly Ether or ETH) at any time. Token prices are calculated using a demand and supply-based algorithm developed by the founder.

Using two types of smart contracts—factory contracts and exchange contracts— Uniswap allows anyone to list a token and create a liquidity pool so they can exchange it for Ethereum at any time. Essentially, anyone with a smartphone and internet can list an ERC-20 token on the DEX or swap their Ethereum tokens for Ethereum (ETH).

In keeping with the blockchain’s goal of decentralization, Uniswap launched its governance token, UNI, in September 2020 and distributed it to past users of the DEX. UNI holders have the right to vote on new development initiatives to move the protocol forward.

What is UNI price?

Find the latest UNI price and chart on our website. 

Where to buy UNI?

UNI is an Ethereum token and can be bought with fiat or other cryptocurrencies on YouHodler.

How to earn % p.a. on UNI?

You can easily earn % p.a. on your UNI. Create a Yields account with YouHodler, buy and deposit UNI, and watch your stash accrue returns. 

How to take a loan with UNI?

Borrow stablecoins with your UNI funds at a ridiculously cheap % p.a. rate. 

How to trade UNI?

Multiply your UNI bag using our Multi HODL strategy at YouHodler.