What is Uniswap? (Animated) Decentralized Exchange + UNI Token

In this video, we explain what the Uniswap Decentralized Exchange is, including the purpose of it and the reason for the UNI token. There are 2 main uses for Uniswap.
So you could be a token swapper, and change your ETH for BAT for only .03%, which is useful to many traders. In fact, Uniswap currently has over one billion dollars trading each day.
Another main use is you could be a liquidity provider, and earn a return on your investment by lending it to the pool. Right now, there are 9 billion dollars in all of the pools on the Uniswap exchange.
Join our exclusive discord community:
/ discord
Explore More Whiteboard Crypto:
Facebook: @whiteboardcrypto
Instagram: @whitreboardcryptoteam
Website: www.whiteboardcrypto.com

[@ryanfaubert9521]

Guys, this is the best explanation of Uniswap. I watched three other vids on this topic that were so convoluted and dry, it made me wanna cut myself deep. Well done!

[@WhiteboardCrypto]

Thanks for the kind comment Ryan! We appreciate you watching and giving us feedback.

[@bellajohn2258]

Thank you, have been watching your channels for couple of weeks now and it's really good and really helping me through

[@michaellinda8738]

I'm 50% ADA 50% BTC 5 year hold

[@davidberg5363]

ADA and DOGE, a winning combination

[@davidberg5363]

Like you said, those are the only two i see holding at this time

[@mclarendavid5935]

When did ETH go from 6% to 5% when staking to ETH2?

[@mclarendavid5935]

Thanks you for your update am long term holding. I love dogecoin

[@olibruntondigital168]

These explainers are next level

[@satoriasimov9169]

This youtube channel is going to blow up, Whiteboard is providing us with straight facts. Please never deviate from that value you guys instilled in this channel. Big subscriber keep dropping gems, I'm here for the long haul.

[@wangximing]

I had to close my 20 year business in 2021 went into depression and also health issues, this video reinstated the confidence in me moving forward with something new. Thank you for this video and kudos to JAMES ,I know this is time for next millionaires to invest in the market

[@ShaimingLung]

It's easy to be an investor during the good times. It's hard to be an investor during the hard times. If you want to be a successful investor,

[@DeweiLu]

how do i contact james? have been hearing a lot of good stuff about him

[@onwechat]

...

[@biting2563]

You're right, an investor with decades worth of time should be doubling down on value and dividend stocks.. heck, especially now when the market is where it is… steep discounted pick ups for long term consistent gains… JAMES is the right professional

[@whatsapp9484]

Exactly man! We are in such a prime time right now to be investing with JAMES. What an opportunity.

[@yutay5051]

At 03:55 wouldn’t the next person be selling ETH at a lower price, given the fact that the previous transaction left more ETH in the pool?

[@snehachemerla9607]

at 3:52 should not the Ethereum be sold at lesser price to Uniswap, as there are more Ethereum with Uniswap compared to token

[@kaydee2405]

These videos are amazing!! You explain things so thoroughly and clearly! So Grateful for your hard work on every video

[@elixexo4011]

Imagine wasting 2:30 seconds explaining the origin of money.

[@huss449]

very small fee + gas

[@daniyallashari2738]

Great and easy to understand. Can see the effort that went into this videos. Just based on that a thumbs up and a sub

[@WhiteboardCrypto]

Really appreciate that Daniyal! Both of those help us a ton :)

[@changedname_8970]

Would you guys consider buying this, AVAX, or Polkadot?

[@DivineAtheistWannabe]

I think he just pays a service that automatically creates these drawing animations. But either way, awesome channel. Subbed

[@OrenLikes]

3:55 shouldn't it be "sell some ethirium at a ***lower*** price"?

[@entomberexarch3475]

Just browsing your videos and learning about different things. This one helped me understand how someone can become a crypto day trader. Well done, I really appreciate the layout and thoughtfulness behind these videos.

[@DylanKing-g6l]

Thank you so much for your hard work! 😊 I’ve got a question: 🤨 I have a set of words 🤷‍♂️. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Not sure how to use them, would appreciate help. 🙏

[@LuyzOfficial]

"Very very small fee" lol

[@bombermanactzero]

small price?? i spend a Ferrari for etherium gas

[@oppertunist-trader]

Uniswap tokan really gona be big in future.

[@BlacksmithBL]

This channel is litearlly a Crypto University, love your work!

[@sandratan9422]

the intro part just reveal how the finance system runs now, so powerful!!! short intro, big impact to viewer👏👏👏

[@poshmaster9070]

What a great way to explain this concept in a simple and undestandable way! I very much value what you have done for me. I send you all the blessings in the world !

[@polygonhoodieproject5599]

Super in-depth and helpful explanation of Uniswap. I haven't used any DEXs yet and wanted to know more about then first before using them. Thank you! - Brad

[@iirekm]

"and you pay a very, very small fee" - something like 100$ on Ethereum :-) Although luckily, Uniswap is also on Polygon since few months, but the problem is that most exchanges take huge fees when you withdraw MATIC or ETH from your account, so it's still not small fee for most exchanges :-(

[@elizabethsolon8007]

First of all, love your channel! I'm not sure what you mean when you say 'no taxes' at 6:27. Swapping one cryptocurrency for another is considered a taxable event so you'd still have to record a capitol gain or loss on that trade.

[@TimBratton]

Uniswap doesn't report your transactions to any government entity. You'll still owe tax depending on your country's rules. In the US for instance, you're definitely going to need to track and report your transactions and report your income... but you'll have to do that yourself. Uniswap is not going to send you a 1099 form for example.

[@GabrielSantosStandardCombo]

The Uniswap icon is an incredible piece of art.

[@yabuking84]

Whiteboard Crypto is a lifesaver! Great content! Easy to understand. I really hope you have some kind of course in Udemy.

[@joshuamorancy4482]

This being my third video on Uniswap (browsing) and this made the most sense to me. Grateful gang

[@johnandrewseymour705]

Thanks for the video, very easy to understand. I liked and subscribed. :) Question: If Uniswap is decentralized and automated, how does owning the UNI token and voting change how it works? Are the smart contracts underlying Uniswap written to automatically enact any code changes approved by the majority of token holders?

[@WhiteboardCrypto]

This is roughly how the platform works, yes :)

[@11fasteddie]

@@WhiteboardCrypto Sounds like one of your fellows, hehehehe, right?

[@craigversetti5700]

ABSOFUCKINGLUTELY an INSTANT SUBSCRIBER !!!

[@WhiteboardCrypto]

Well shoot, you might have become our most enthusiastic subscriber so far Craig.

[@craigversetti5700]

@@WhiteboardCrypto lol thanks !!! My wife and I are just starting to learn only been involved for the last month and it's extremely overwhelming so having/ finding videos like yours is priceless !!!

[@WhiteboardCrypto]

That's great to hear! We have been thinking about putting together a resource that does a guided walkthrough on everything you need to know about crypto so that you can be best equipped. Let me know if this is something you'd be interested in testing. -N

[@craigversetti5700]

@@WhiteboardCrypto ABSOLUTELY INTERESTED 💯👌

[@p-dee2288]

@@WhiteboardCrypto absolutely interested! I would even pay a little fee. Your channel is underrated my friend and it’s only a matter of time before it 🚀. Thank you for your insights. My group of close friends and I have started on our crypto journey and out of all the channels including Altcoin daily are absolute 💎. Cannot thank you enough!

[@rogerunderhill4267]

So we need the whole supply chain to go crypto. This information needs to be made accessible to farmers and manufacturers etc. A coordinated global government attack could be a problem though. Covid should be a wake up call for crypto.

[@mamosverseda]

A couple years ago there was not a place on earth where you could trade a potato for an apple. Even if the potato was probably domesticated more than 10 000 years ago, it on South America. Aples where on Eurasia. So they could only be traded by the end of the XVI century, whaaaat after the coin was widely used.

[@PropGru]

It's called Barter....and if you actually know what Barter means, then you were born in the last century..like me.

[@Screenwriting]

It seems like technically (at least in the US) you WOULD have a taxable event which changes all of these calculations.

[@LivingTheDream21]

2:48 that doesn't make sense. If someone buys a bunch of apples that means you received a bunch of potatoes. With liquidity it balances itself out. You should have said people on the other side with apples will start trading for potatoes even more now, since they can get more potatoes for each apple, making it balanced again.

[@xro3211]

uniswap Send button Receive address Why can't I see it now?

[@igorlazaro9369]

awesome! Talk about contracts and interactions with it!

[@flaviobordoni]

Do you became an investor simply buying Uniswap tokens?

[@GregoryEsman]

Great videos! I laughed at the small Etherium fees

[@Dangerismylife112]

Can u make a NFT with ur thumbnails and attach Royalty to tht video so when u guy are being shown in kids classrooms we all eat.

[@REMEMBERING2PACANDNIP]

I appreciate the info and I guess the 🦄 Symbol is an added bonus 💓

[@muhammadaarizmarzuq295]

to those who put this video on x2 speed, Get yourself some paracetamol

[@jayjelaso5354]

what happens to the value of lets say etherium potatoes when apples are traded for potatoes and the pool is depeleted of potatoes and the potato or etherium token goes up ut liquidity providers add more etherium increasing the amount of eth thereby stabilizing the potato price i am not sure i understand this and who is uniswap

[@ShaShankXRP]

Who decides the total and audit's each side or 8 for that matter? Other than verifying on the chain?

[@РУДИДИ]

There was no potato a few thousand years ago in the Old World....

[@PeterAdiSaputro]

BAT is token used or produced by Brave browser, right ?

[@neilclay5835]

Nice work

[@perfectsoulmates2023]

7:20 Error 🚨 Wrong percentages were said compared to what was shown ❌

[@bayup7928]

Nice video, as always. Keep the spirit to educate.

[@exaucemayunga22]

So the rich will controll the exchange? Like always

[@komahanb]

Really great work! What program do you use to make these drawings/illustrations?

[@migalo100]

Fiverr probably

[@allyson1691]

Great video and explanation thank you

[@JorgeSalazar-ny1ri]

I dont get why use this instead of a normal exchange in binance

[@Paul-cp1lk]

So it's more efficient, digitalized barter?

[@yashoza9792]

Wait I can't swap Uniswap with other Cryptos?

[@LuisGarcia-jh2rw]

I think it should be: sell ethereum at a lower price? at 3:53

[@Envoy_Intuition]

New sub, thanks for the content!

[@WhiteboardCrypto]

Appreciate it! Glad to have you in the community :)

[@BestYear2016]

No one unliked 👎

[@РичмондБалконский]

french fries a couple of thousand years ago 😂

[@WhiteboardCrypto]

Yes, only the best ones aswell.

[@giorgiomoroder4165]

Can you explain how would UNI token owners cast a vote on the network in the future..?

[@exaucemayunga22]

Good question

[@angelsoler5344]

THE CALCULATIONS AT 5:31 ARE WRONG! ------------------------------------ 0.3% x 10/day x 30days = 90% per month =1080% per year (ROI) (Which makes sense now when seeing Liquidity pools that pay 1080% return. ------------------------------------- Hope that helps! :D Thank you so much for these amazing videos! Hope we can change that for us!! Well done on the High-Quality content. :)

[@АлишерОрынбек-б8д]

108% ROI ?!!!! Wow! Ok, how do we become LP ?

[@shoshshetty4706]

Really good explanation, and appreciate the creativity with the relatable analogies

[@tarassavchenko2317]

This is sooo good!

[@s.davidtrout3056]

I can also make vodka with potatoes

[@JupiMeow]

So I need Ethereum tokens to be an LP on Uniswap? I was hoping to pool my BTC for some extra money

[@quoccuongcao1000]

Zombie World Z is one of pioneer-games applying metaverse combining virtual reality (VR) on the BSC, towards a game economy of the actualization with play-to-earn

[@mehranwild5602]

How about new DEX's like Hydranet? It's the only Decentralized Exchange that provides cross-chain swaps on layer 3.

[@anupamasingh3087]

Please change 0.3 to 0.6 to 0.03% - 0.06%

[@KeninBoulder]

Is there a connection between what a currency does, and its value? For example, MIR does a spectacular service. But its price goes down on the regular. I am starting to notice that with a lot of coins. QUICK is another example. Great service, pathetic performance.

[@preetmani4320]

How about you do it in hindi , billions of people needs this information. THANK YOU KINDLY

[@cyberdisco9724]

You're gonna blow up bro, great work and thank you!

[@GeneKohm-i8f]

Langworth Forges

[@lampardiphosphorous856]

What is meant with "one day"? Where do the transaction fees end up as of now?

[@SanthanamSridharan]

this is a good question.. as of now where are they being held?

[@krishnachaitanya6800]

uniswap will go bad if one coin goes bad

[@ericaphabio4432]

Uniswap is the best in terms of Marketcap. I'm also into using new DEX's with creative ideas, like Hydranet that allows cross-chain swaps on layer 3.

[@nyekachichindah9076]

Question: at 3:52 , the "selling of Ethereum at a higher price", is it assumed that the Ethereum is in the same scenario with the BAT? Hope you understand what I'm asking

[@seabeedeedaily]

Good stuff! How come u don't have a patreon or premium subscription option?

[@AleksandarBosnjak]

Just asking cuz im not sure, if I decide to become Liquidity Provider that means that im Staking ( eather my coins, tokens or fiat ) , correct ?

[@KatrineArmand-n2d]

Ziemann Ferry

[@chappellio]

Are the rewards for being a liquidity provider paid out in UNI? Reading their docs it wasn’t entirely clear.

[@Ratuono]

very clear and easy to understand! great job man! There's only one thing is not clear to me: why at 4:05 would you want to buy 2000$ worth of ETH from Coinbase and sell it for 2.050$ worth of ETH in Uniswap if the value ETH in Uniswap is lower than normal since in Uniswap the ETH value in Uniswap dropped?

[@JupiMeow]

What?

[@divyanshukothari8407]

Assumption bro

[@Ratuono]

@@divyanshukothari8407 what do you mean assumption that would mean money loss, thats exactly like buying high and selling low, why would you even do it? or am i missing anything?

[@divyanshukothari8407]

@@Ratuono he is just taking example in this case

[@Ratuono]

@@divyanshukothari8407 it is an example but still an example where he's saying to sell at a lower price than he bought because of percentage fees

[@SamBertram-d4z]

Edmond Road

[@user-gy4up6cd5o]

uniswap怎么赚钱？如果不能赚钱他们怎么维持服务器？

[@JumpoutTop]

他们持有自己的代币，这应该足够了

[@lokhangw]

quite good videos, i searched a few videos of AMM and Uniswap, this video is the better one.

[@WhiteboardCrypto]

This is the type of feedback that pushes us to make better videos - we were there too, a lot of the videos out there are quite dense or boring, we hope to fix that :D

[@lokhangw]

@@WhiteboardCrypto hi, i have a question on AMM. If i add liqudiity to the pool, it seems that I can see the preferred range. E.g: 1ETH=USD 2400 now, I can "place it" /"add it" if it hit the ranges usd 2680-2720. If ETH rises to that level, my "liquidity"/"eth" is finally sold at that level.? or is it just be affected once i decide to pull it out from the pool if it hits that level. so that i earn some money by selling high? I have read a few articles on it, but i do not get it clearly.

[@JerryFulton-o3s]

Rogahn Points

[@BarbaraPearson-y2j]

Yoshiko Springs

[@miguelortiz8613]

Awesome teacher. I can understand everything very well. Thanks

[@JamesRuben-k9d]

Jonas Stravenue

[@HamdiRizal]

Hi. I have a question. Why would people swap tokens in the first place?

[@WilliamBartholomew-s7x]

Jacobi Views

[@richardalvarez2084]

Ok so its like the users become the bank. but my question is the following, why would someone one would like to trade a crypto for another one? what is the value in that?

[@krzysztoflange1151]

Man what you're doing is fucking brilliant man. That's what the world needs

[@thisguygardens]

I bought uniswap before watching this video. I would not have bought uniswap tokens knowing what I know now. thank you

[@FosterMay-l1f]

Ernesto Ranch

[@BadChess56]

*a very, very small fee* haha. Small.

[@ariomohammadalipoor8750]

Can you tell us about Rango exchange ? the first multi-chain dex aggregator

[@danielskyler2217]

I like the part "a very very small fee" .... of a couple of hundred dollars worth of gas fees

[@JohnnieSchwartz-t6i]

Charley Villages

[@msharybader4960]

okay so how is this uniswap shares goes down , for your previous example shares should be always up , because basically its same as bank loans , then how it goes down ?

[@ElviraHawthorne-x2j]

Savannah Squares

[@alfarnese5641]

Thank you for video 🧐