Uniswap

Uniswap ($UNI) is the governance token for Uniswap, a protocol for exchanging ERC-20 tokens in an automated liquidity provision manner on Ethereum. Uniswap v1 is an on-chain system of smart contracts on the Ethereum blockchain. It implements an automated liquidity protocol based on a “constant product formula” Traders pay a 30-basis-point fee on trades, which goes to liquidity providers. Uniswap v2 is a new implementation based on the same formula, with several new highly desirable features. $UNI is now available on DeFi Swap. Users can swap $UNI, be $UNI Liquidity Providers to earn fees and boost their yield by up to 20x when staking CRO.