AboutWhat is Uniswap?
Uniswap is a decentralised exchange protocol that uses an automated market maker (AMM) model to enable token swaps directly from users' wallets without an order book or intermediary. UNI is the protocol's governance token, granting holders a vote on upgrades and treasury allocations.
HistoryOrigin & evolution
Uniswap was launched in November 2018 by Hayden Adams, inspired by a Vitalik Buterin blog post on AMMs. The UNI governance token was introduced in September 2020 via a retroactive airdrop to past users, one of the most-cited examples of community-aligned token distribution in DeFi.