A breakdown of Uniswap’s UNI token

After months of anticipation, Uniswap has finally introduced its token, which is meant to enable shared community ownership via implementation of an on-chain governance system. The governance system will facilitate protocol development and usage, as well as development of the broader Uniswap ecosystem.

Uniswap, the leading decentralized exchange protocol on Ethereum, is also one of the few DeFi projects that has found a clear product-market fit. It strives to build “a future where anyone in the world can access financial services without fear of discrimination or counterparty risk.”