Uniswap Interface

https://uniswapexchange.finance n brief Uniswap is an Ethereum-based decentralized exchange (DEX) that allows anyone to swap ERC20 tokens. In September 2020, Uniswap launched its UNI governance token with an airdrop to anyone who had used the protocol before September 1. Uniswap V3 launched in May 2021, adding new features including concentrated liquidity and multiple fee tiers. The burgeoning decentralized finance (DeFi) ecosystem aims to use decentralized, non-custodial financial products to replace centralized middlemen in financial applications such as loans, insurance and derivatives. Uniswap is an example of one of the core products in the DeFi ecosystem, the decentralized crypto exchange, or DEX. DEXs aim to solve many of the problems of their centralized counterparts, including the risk of hacking, mismanagement, and arbitrary fees. However, decentralized  exchanges have their own problems, mainly lack of liquidity—which means a lack of amount of money sloshing around an exchange that makes trading faster and more efficient. The Top Decentralized Exchanges (DEXs) in 2021 Even if you’re relatively new to crypto, you may have bought or traded Bitcoin, Ethereum and other assets on a cryptocurrency exchange. Exchanges like Binance and Coinbase are some of the most... Reviews Exchanges Esat Dedezade Jun 17, 2021 11 min read  Uniswap is trying to solve decentralized exchanges' liquidity problem, by allowing the exchange to swap tokens without relying on buyers and sellers creating that liquidity. Below we explore how Uniswap works—and how it became one of the leading decentralized exchanges built on Ethereum. What is Uniswap? Uniswap is a protocol on Ethereum for swapping ERC20 tokens. Unlike most exchanges, which are designed to take fees, Uniswap is designed to function as a public good—a tool for the community to trade tokens without platform fees or middlemen. Also unlike most exchanges, which match buyers and sellers to determine prices and execute trades, Uniswap uses a simple math equation and pools of tokens and ETH to do the same job. Did you know? Uniswap was created by Hayden Adams, who was inspired to create the protocol by a post made by Ethereum founder Vitalik Buterin. What’s so special about Uniswap? Uniswap’s main distinction from other decentralized exchanges is the use of a pricing mechanism called the “Constant Product Market Maker Model.” Any token can be added to Uniswap by funding it with an equivalent value of ETH and the ERC20 token being traded. For example, if you wanted to make an exchange for an altcoin called Durian Token, you would launch a new Uniswap smart contract for Durian Token and create a liquidity pool with–for example–$10 worth of Durian Token and $10 worth of ETH. Where Uniswap differs is that instead of connecting buyers and sellers to determine the price of Durian Token, Uniswap uses a constant equation: x * y = k.