In celebration of the one-year anniversary of the Zora protocol and the initial release of zorb, we invite you to mint a commemorative NFT for your collection. Minting is open for 20+22 hours on New Years Day and cements your status as an early supporter of Zora.


[zorb.dev](https://zorb.dev/) by [zora.co](https://zora.co).

ZORBS by ZORA

Uniswap is a decentralized finance (DeFi) protocol built on the Ethereum blockchain. It enables automated token exchange on Ethereum using liquidity pools instead of traditional order books. Here are some key points about Uniswap:

1. Automated Market Maker (AMM): Uniswap operates as an AMM, which means it facilitates token swaps through liquidity pools rather than relying on buyers and sellers to create orders. Liquidity providers deposit pairs of tokens into pools, and the protocol automatically determines exchange rates based on the ratio.

3. Liquidity Pools: Users can become liquidity providers by depositing pairs of tokens into Uniswap's liquidity pools. In return, they receive pool tokens that represent their share of the liquidity pool. Liquidity providers earn fees from trades made in the pool, proportional to their share of the pool.

4. Tokenomics: Uniswap has its native token, called UNI, which is used for governance and incentivizing liquidity providers. UNI holders have the power to vote on proposals to upgrade the protocol and allocate funds from the community treasury.

5. Version 3: Uniswap recently launched its third version, introducing concentrated liquidity, multiple fee tiers, and other features to enhance capital efficiency and reduce slippage.

6. Use Cases: Uniswap is widely used for trading Ethereum-based tokens, providing liquidity for various DeFi applications, and participating in yield farming and liquidity mining.

Overall, Uniswap has played a significant role in the growth of DeFi by providing a decentralized and efficient way to exchange tokens and provide liquidity on the Ethereum blockchain.

2. Decentralization: Uniswap is entirely decentralized and operates without the need for intermediaries. This means that users can trade tokens directly from their Ethereum wallets without relying on centralized exchanges.