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What Is Uniswap?

Protocol, Interface, Labs

To begin, we should make clear the distinctions between the different areas of "Uniswap", some of which may confuse new users.

  • Uniswap Labs: The company which developed the Uniswap protocol, along with the web interface.
  • The Uniswap Protocol: A suite of persistent, non-upgradable smart contracts that together create an automated market maker, a protocol that facilitates peer-to-peer market making and swapping of ERC-20 tokens on the Ethereum blockchain.
  • The Uniswap Interface: A web interface that allows for easy interaction with the Uniswap protocol. The interface is only one of many ways one may interact with the Uniswap protocol.
  • Uniswap Governance: A governance system for governing the Uniswap Protocol, enabled by the UNI token.