What is Uniswap? (Animated) Decentralized Exchange + UNI Token

Summary

Uniswap is the leading decentralized exchange on Ethereum. This animated video explains how its AMM model works, how anyone can provide liquidity, how the constant product formula sets prices, and what the UNI governance token does.

Key Concepts

Things To Remember

• Uniswap uses the constant product formula (x * y = k) to price tokens.
• Anyone can create a liquidity pool on Uniswap for any ERC-20 token pair.
• UNI token holders can vote on protocol changes.
• Always verify token contract addresses before trading on any DEX.

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