Uniswap (UNI): what you need to knowUniswap (UNI): what you need to know

Uniswap is one of the oldest and largest decentralised exchanges (DEX) on Ethereum. Instead of a traditional order book, Uniswap uses an Automated Market Maker (AMM) model in which users swap tokens through liquidity pools. The native token UNI is the governance token of the protocol and is used to vote on proposals that affect the Uniswap protocol.

Whitepaper: https://www.lcx.com/uni-mica-white-paper/

On Uniswap, someone deposits two tokens into a liquidity pool and receives LP tokens in return. Other users can then swap the two tokens through that pool, following a mathematical formula (the constant product formula x*y=k). Liquidity providers earn part of the trading fees from every transaction. The Uniswap protocol runs entirely through smart contracts on Ethereum, without a central intermediary.

• Ticker: UNI

• Category: DeFi / Governance token

• Blockchain: Ethereum

• Protocol: Automated Market Maker (AMM) / ERC-20

• Year of launch: 2018 (protocol), 2020 (UNI-token)

Uniswap has gone through multiple versions. In v3, 'concentrated liquidity' was introduced, which lets liquidity providers allocate capital within a specific price range for higher efficiency. With v4 came 'hooks', allowing developers to add custom logic to pools. Uniswap also runs on several Layer 2s and other chains through deployments and bridges.

The Uniswap ecosystem is a cornerstone of DeFi: a large share of global DEX volume flows through Uniswap contracts. UNI holders decide on protocol policy through on-chain governance, including treasury allocations and upgrades. Many other DeFi projects and aggregators build on top of the Uniswap infrastructure.

Uniswap was founded by Hayden Adams, an American software engineer who built the first prototype in 2017, inspired by a blog post by Vitalik Buterin on AMM mechanisms. Development is led by Uniswap Labs, while the protocol itself is in the hands of the Uniswap community through UNI governance.

BTC Direct has been the European entry point to crypto since 2013. We make buying Uniswap straightforward, even if it is your first time:

• Trusted in Europe. BTC Direct is registered with the Dutch Central Bank (DNB) and operates under MiCA, the EU regulation for crypto.

• Familiar payment methods. Pay with iDEAL, Bancontact, Sofort, SEPA bank transfer, credit card, PayPal or Apple Pay. Your UNI is on its way within minutes.

• Your coins, your control. We do not store your UNI. After your purchase, your coins are sent straight to your own wallet address.

• Based in the Netherlands, serving all of Europe. Our experts are based in the Netherlands and answer in your language across the SEPA zone. Need help? We are here.

• Start with a small amount. From just €30. The minimum varies per coin.

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For more technical information about Uniswap, visit the official website.

Cryptocurrencies, including Uniswap (UNI), are volatile and carry risks. The value of UNI can fluctuate greatly and investments can lead to financial losses. Always do your own research and only invest money that you are willing to lose.

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