Uniswap

Uniswap is Ethereum’s most widely used decentralized exchange (DEX), built on automated market maker (AMM) technology. Instead of using order books, it relies on liquidity pools where users trade directly with smart contracts. ShapeShift integrates Uniswap routes into its multichain wallet, making swaps simpler and safer for mobile users.

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What Is Uniswap and How It Works

Uniswap is a decentralized protocol that allows users to swap Ethereum tokens without intermediaries. Liquidity providers deposit assets into pools, earning fees in return. With Uniswap v3, concentrated liquidity lets LPs provide funds within chosen price ranges, improving efficiency. This model powers much of Ethereum’s DeFi economy today.

Risks and Considerations

While Uniswap is powerful, it comes with risks. Fake tokens can be listed without oversight, MEV bots may exploit trades, and liquidity providers face impermanent loss. Gas fees on Ethereum can also be high during peak demand. Users must double-check token contracts, set slippage carefully, and avoid trading unverified assets.

Using Uniswap via ShapeShift

ShapeShift integrates Uniswap liquidity into its multichain swap aggregator. Instead of manually approving tokens or navigating complex settings, users can access Uniswap routes inside ShapeShift’s mobile wallet. This improves safety by reducing exposure to fake tokens and provides a smoother UX for swapping across Ethereum and other supported chains.