The decentralized exchange: Uniswap is designed to be open source software and resembles many computer programs running on Ethereum. Specifically, Uniswap is an automated and decentralized liquidity protocol. Uniswap acts as a decentralized exchange and, unlike traditional exchanges that use an order book to connect buyers and sellers, the platform uses a mathematical equation and liquidity pools to perform the same operations. This allows users to exchange (or "swap") ether tokens for other tokens that comply with ERC-20 standards based on Ethereum smart contracts.

Features:

The main objective is to provide maximum liquidity to its users. However, these funds are supplied by the community via ETH/ERC 20 token pairs, each of which has an equivalent base of 1 to 1.

Example: With the ETH/USDT pair and if ETH = $500

The user must provide: 1 ETH and $500 or 10 ETH and $5,000

The platform takes a 0.3% fee and distributes the returns proportionally among the providers. The platform has its own native token: UNI. It allows holders to participate (via votes) and have significant decision-making power over the future of the platform.

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