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Uniswap

The leading decentralized exchange on Ethereum.

Decentralized ExchangeNon-Custodial

๐Ÿ’กWhat is it?

A decentralized exchange protocol running on Ethereum (and other EVM-compatible chains) that uses liquidity pools and an AMM model for token swaps.

๐ŸŽฏWhat is it used for?

Swapping ERC-20 tokens without a centralized intermediary, providing liquidity to earn trading fees, and accessing long-tail token markets.

๐Ÿ‘คWho typically uses it?

DeFi users, liquidity providers, developers building on top of Uniswap's smart contracts.

๐Ÿ”งSupported Concepts

Token swapsLiquidity poolsAMMConcentrated liquidity (V3)Governance (UNI token)

๐Ÿ’ธEducational Fees Overview

0.01%, 0.05%, 0.3%, or 1% fee per swap depending on the pool tier. Fees go to liquidity providers. Protocol fees are controlled by UNI governance.

โš ๏ธ Important Risks to Understand

  • Smart contract risk
  • Impermanent loss for liquidity providers
  • Front-running and MEV
  • Token scams are common โ€” always verify token contract addresses
Official Website
https://uniswap.org
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