The Uniswap Unicorn

What Uniswap Does

Uniswap exchanges tokens for tokens.

Uniswap cleverly avoids translating fees into U.S. dollars.

The Currency Exchange Robot

But wait, there’s more: the Uniswap protocol is decentralized, which is easy to say but tricky to understand. Another example will help.

Like this, but better.

The UNI Governance Token

Let’s say you’re a fan of Elon Musk, and you buy a few shares of his auto company. That share of TSLA makes you a part-owner of the company, which now gives you some rights: for example, you might be able to cast a shareholder vote to decide whether Teslas should be equipped with flux capacitors.

More users = good. Fewer users = bad.

The Uniswap Airdrop

Uniswap’s surprise announcement that it would be launching its own UNI token came with another unexpected surprise: the company would be rewarding 400 tokens to everyone who had used its platform.

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