A #Uniswap (UNI), represented by its iconic pink unicorn, is not just a cryptocurrency; it is the pioneering protocol and the heart of Decentralized Finance (DeFi) on the network #Ethereum . Its main function is to be a decentralized exchange (DEX), a platform where anyone can swap one token for another, directly from their wallet, without the need for an intermediary like a bank or a centralized broker.
The great innovation of Uniswap was to popularize the Automated Market Maker (AMM) model. Instead of using traditional order books, it operates through "liquidity pools," where users deposit pairs of tokens and earn fees in return. This ensures that there is always liquidity for trades, fully automated by smart contracts.
The token #UNI is the governance token of the protocol. Holders of UNI have the power to vote on proposals that shape the future of the platform, such as the allocation of its treasury or the implementation of new features. In Rio de Janeiro and around the world, Uniswap is an essential tool for DeFi enthusiasts, symbolizing the promise of a more open, transparent, and accessible financial system.