Hassan Maishera
On Wednesday, the Uniswap team announced via a blog post that eams can configure and launch a Uniswap Auction directly from the Uniswap Web App.
Auctions are powered by Continuous Clearing Auctions (CCA), Uniswap’s liquidity bootstrapping and token distribution protocol. Already teams like Aztec, Cap, and more have used Uniswap Auctions to run permissionless, onchain, transparent token distributions.
The new launch flow gives teams an interface for configuring and launching an auction with an existing token or by creating a new one, with configurable auction and pool details.
Once launched, auctions are immediately accessible via Uniswap Web App's Auctions tab. The flow has three steps:
Uniswap is a decentralized exchange protocol built on Ethereum. To be more precise, it is an automated liquidity protocol. No order book or centralized party is required to make trades.
Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.
An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading.
Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.
Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems that plagued the first decentralized exchanges.
UNI, the native token of Uniswap, is currently trading at $2.95, up 1.8% in the last 24 hours.
