The Basics of Uniswap: What is it and Why use a DEX?

Trust in code, not people.

Uniswap is a ERC20 based DEX, or decentralized exchange, that operates in parallel with the massive infrastructure of existing ERC20 cryptocurrency and DeFi projects today.

This grants users instant access and full interoperability between ERC20 tokens for swaps, smart contracts, and instant settlements for users while greatly reducing onboarding friction and fees.