Uniswap
First decentralized exchange using an AMM.
Beginner-friendly explanation
Uniswap is a site where you can swap crypto without signing up. It uses liquidity pools so everyone can trade freely. Example: You use Uniswap to swap your ETH for USDC in a few clicks.
Intermediate-level insight
Uniswap operates with an AMM and offers different types of pools. Since V3, liquidity providers can choose specific price ranges. Example: You provide liquidity between $1,500 and $2,000 on an ETH/USDC pool to maximize your returns.
Advanced perspective
Uniswap V3 introduced concentrated liquidity, making market making strategies more complex but more capital-efficient. There are also forks like SushiSwap or PancakeSwap based on Uniswap’s original idea. Example: Some traders use bots to adjust their liquidity positions on Uniswap V3 in real time.
NFT DEFI Web3
Uniswap, decentralized exchange, AMM, pools, concentrated liquidity, DeFi