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Advantages of Uniswap (UNI)

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stacey roberts
Advantages of Uniswap (UNI)

As a pioneering DEX and one of the largest DeFi projects on the Ethereum blockchain, Uniswap has a number of pros that investors should bear in mind. Because the UNI is a governance token of Uniswap, its value is likely to rise or fall with the popularity of the Uniswap platform.


Advantages


Uniswap is an open-source software platform, which means that it can be adapted by other users wishing to create DeFi projects.


Because it’s a DEX that uses an automated market maker model, users can contribute to liquidity pools and earn rewards this way. And because the DEX is built on the Ethereum blockchain, users can trade ERC-20 tokens easily and at a relatively low cost.


It’s native token, UNI, is one of the largest cryptocurrencies by market cap. The UNI token can be used to vote on changes to the platform.


As a decentralized exchange, Uniswap enables users to keep control over their crypto assets at all times. By allowing users to retain control of their private keys, it reduces the risk of those assets being hacked.


Source: https://www.sofi.com/what-is-uniswap-uni/


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