$UNI (Uniswap’s native token symbol)

Understand essential crypto terminology for $UNI, Uniswap's native token. This guide clarifies key terms to enhance your DeFi knowledge effectively.

UNI is the native governance token for the Uniswap decentralized exchange, which is built on the Ethereum blockchain. Launched in September 2020, UNI allows holders to participate in the decision-making processes of the Uniswap protocol.With UNI, users can propose and vote on changes to the platform, including updates to fee structures, development priorities, and new features. This democratizes access and empowers the community, ensuring that decisions reflect the interests of those who use the exchange.UNI can also be earned by providing liquidity to Uniswap pools or participating in staking programs. Holding UNI provides users with the ability to influence the future of Uniswap while potentially benefiting from its growth.Overall, UNI is more than just a token; it represents community governance and engagement in a protocol that facilitates trading of various cryptocurrencies without the need for a centralized intermediary.

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