What is Uniswap?
Uniswap is a decentralized protocol that empowers people to supply liquidity pools and earn interest. It is Ethereum's most common decentralized exchange. Besides trading crypto assets, users can stake their capital in liquidity pools and vote on management resolutions. The network uses the UNI token for its governance model. It has $2.1 B achieved in its contracts as of October 2020, which is 20% of all amount locked in DeFi apps. Uniswap launched its native token called UNI on Sept. 17, 2020. The company did not run an ICO or any other token sale; instead, it dispensed tokens taking into account the set release program. Uniswap ran an airdrop and suggested 400 UNI tokens (worth about $1,500) to certain users who had earlier used Uniswap’s services. In the future, users will also earn UNI tokens by staking tokens in certain liquidity pools. UNI possessors can influence and poll on Uniswap development decisions. Soon, UNI token owners will make all administrative decisions. Investors can buy UNI tokens from different exchanges, including Binance, Bitfinex, UniSwap etc.