Information
How Does Uniswap Work?
Learn how Uniswap uses smart contracts and liquidity pools to facilitate token swaps on supported blockchain networks, and why pool liquidity, trade size, and network conditions can affect a trade.
Smart contracts and pools
Smart contracts execute the protocol rules on a blockchain. Liquidity pools hold token assets that can be used to facilitate swaps according to the pool design. Different versions and pool types may use different mechanisms.
Quotes and execution
A quote is an estimate, not a promise of the final result. The market can move, liquidity can change, and transaction settings may affect execution. Review the quote, price impact, slippage tolerance, and fees before signing.
Self-custody responsibilities
A wallet signature authorizes a specific action. Check the website domain and the full wallet prompt, and never share your recovery phrase or private keys.
These pages provide general information and are not a substitute for legal advice. The site operator should review and customize legal policies to match actual practices and applicable law.