Uniswap (UNI) is one of the largest decentralized exchanges (DEX) by volume. Like all DEX's, there is no orderbook and users trade against a liquidity pool. Uniswap runs on the Ethereum blockchain, and utilizes an automated market maker (AMM) model allowing for quick, trustless swaps and retention of keys throughout the entire process. The platform uses the tradable UNI token for staking and rewards.
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*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Because stablecoins* are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.
*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
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