TokenPocket | All You Need to Know About Uniswap
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Translator: Jade
In this article, we will talk about a viral tool on Ethereum — Uniswap — why is it so popular and what makes Uniswap in TokenPocket unique? Also, what if I tell you that Uniswap v2 is online now and you can switch to it by one-tap?
What is Uniswap?
Uniswap is an exchange on Ethereum. It supports flash swap between tokens.
What Makes Uniswap Stand Out?
Uniswap has four characteristics:
- Ease of use
- Gas efficiency
- Censorship resistance
- Zero rent extraction
Here is how you use Uniswap in TokenPocket:
Search Uniswap in the search box on the Discover page. Uniswap has three functions: Swap, Send, and Pool.
SWAP
Users can switch between version 1 and version 2 by one tap. Swap tokens here and please don’t forget to set a reasonable Gas Price.
SEND
Here users can not only transfer tokens but also swap tokens meanwhile. Input the amount of Ethereum you want to send or choose Input Max directly and the system will automatically save enough tokens for transaction fee. Make sure to put the correct address and complete the transfer by tapping on Send.
POOL
Tap on [Join a Pool] and choose DAI/ETH swap pairs as an example, to increase the liquidity of tokens.
In a word, Uniswap is simple and user friendly in terms of its interface, which is suitable for new investors to explore. The once-popular Comp mining also supports Uniswap, where users can swap ETH to DAI and join the mining of Comp.
