BTC/USDC Pool
Uniswap
Uniswap is a decentralized exchange (DEX) that operates on the Ethereum blockchain. It allows users to trade cryptocurrencies without the need for intermediaries or centralized authorities. Uniswap uses an automated market maker (AMM) system, which means that trades are executed based on a mathematical formula rather than traditional order books. This allows for greater liquidity and lower fees compared to centralized exchanges. Uniswap also has its own native token, UNI, which can be used for governance and fee discounts on the platform.
BTC/USDC Pool
BTC/USDC pool on Uniswap is a liquidity pool that allows users to trade Bitcoin (BTC) and USD Coin (USDC) tokens with each other. The pool is created by users who deposit an equal value of BTC and USDC into the pool, which creates a trading pair. Users can then trade between BTC and USDC at the current market rate, with fees being charged for each transaction. The fees collected are distributed among the liquidity providers in proportion to their share of the pool. This incentivizes users to provide liquidity to the pool, as they can earn a portion of the transaction fees generated by the trading activity in the pool.