What is Uniswap? (Animated) Decentralized Exchange + UNI Token
Whiteboard Crypto Whiteboard Crypto
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 Published On May 1, 2021

In this video, we explain what the Uniswap Decentralized Exchange is, including the purpose of it and the reason for the UNI token. There are 2 main uses for Uniswap.

So you could be a token swapper, and change your ETH for BAT for only .03%, which is useful to many traders. In fact, Uniswap currently has over one billion dollars trading each day.

Another main use is you could be a liquidity provider, and earn a return on your investment by lending it to the pool. Right now, there are 9 billion dollars in all of the pools on the Uniswap exchange.

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