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.