Once upon a time there was a brave young lad named Hayden Adams. Adams worked in Siemens while working on Unipeg (Vitalik Buterin gave this name).
Unipeg changed name in November 2, 2018 to Uniswap. The first version V1 launched in November 2018 as a proof-of-concept for AMMs (Automated Market Makers). Uniswap V2 launched May 2020 introduced new features like ERC-20 pairs, price oracles, flash swaps and more. The V3 was launched in May 2021 introducing new options to allocate liquidity within a certain price range, better execution for traders and enhanced infrastructure and more.
Leading up to the mainnet launched of V3, Uniswap ATH was $44.
What Makes Uniswap Unique?
Uniswap exists to create liquidity for the DeFi sphere.
By automating the process of market making, the protocol inceventizes activity by limiting risk and reducing costs for all parties. The mechanism also removes identity requirements for users, and technically anyone can create a liquidity pool for any pair of tokens.
The UNI token serves the purpose of enabling shared community ownership in the growth and development of the decentralized protocol.
How Is the Uniswap Network Secured?
Uniswap is a decentralized protocol for trading, and UNI is its in-house governance token. ERC-20 merely defines a set of rules for tokens, as well as security considerations mainly related to the strength of the Ethereum network.
Uniswap’s UNI governance token is available for trading on major exchanges against other cryptocurrencies, stablecoins, fiat currencies and more. Binance, Huobi and Coinbase Pro. You can buy directly on Uniswap website (https://app.uniswap.org/)
