DeFi Education • 1238 implied HN points • 23 Jul 21
- Uniswap is a decentralized exchange that allows trading without a middleman. This means users can trade ERC-20 tokens directly on the Ethereum network.
- Uniswap uses a governance token called UNI, which gives users a say in how the platform operates. This helps build a community around the exchange.
- The goal of Uniswap is to offer more freedom and privacy in trading, moving away from centralized exchanges (CEX) that can be restrictive. It aims to give users control over their assets.