UNI is the governance token of the Uniswap protocol.
UNI is the governance token of the Uniswap protocol. A governance token is a type of token that allows its holders to vote on the proposals that will determine the future of the protocol.
Uniswap is the largest decentralized exchange in the world.
The Uniswap protocol is currently the largest decentralized exchange in the world. As of November 2021, Uniswap has a volume of more than $1 billion worth of crypto assets per day.
The Uniswap protocol enables the exchange of ERC-20 tokens without an intermediary.
The Uniswap protocol is able to exchange ERC-20 tokens without an intermediary through the use of smart contracts. These smart contracts are responsible for running the protocol’s automated market maker, wherein traders are able to buy and sell tokens through a liquidity pool. This is different from centralized exchanges using an orderbook exchange, where a list of buyers and sellers must be paired together before a trade can occur.
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