{"product_id":"uniswap-crypto-uni-token-tea-coffee-mug-gift","title":"Uniswap Crypto UNI Token Tea Coffee Mug Gift","description":"\u003cp\u003eLaunched in 2018 by \u003cb data-path-to-node=\"0\" data-index-in-node=\"20\"\u003eHayden Adams\u003c\/b\u003e—who famously taught himself to code after being laid off from his engineering job—\u003cb data-path-to-node=\"0\" data-index-in-node=\"115\"\u003eUniswap (UNI)\u003c\/b\u003e is the world's largest decentralized exchange (DEX) and the pioneer of the \u003cb data-path-to-node=\"0\" data-index-in-node=\"204\"\u003eAutomated Market Maker (AMM)\u003c\/b\u003e model. Unlike traditional exchanges that use order books to match buyers and sellers, Uniswap utilizes \"Constant Product\" math (\u003cspan class=\"math-inline\" data-math=\"x \\times y = k\" data-index-in-node=\"361\"\u003e$x \\times y = k$\u003c\/span\u003e) to allow users to trade ERC-20 tokens directly against liquidity pools funded by other users. The native governance token, \u003cb data-path-to-node=\"0\" data-index-in-node=\"500\"\u003eUNI\u003c\/b\u003e, was launched in September 2020 via a historic retroactive airdrop—gifted to any wallet that had ever used the protocol—to decentralize ownership of the platform. Today, UNI holders form the \u003cb data-path-to-node=\"0\" data-index-in-node=\"695\"\u003eUniswap DAO\u003c\/b\u003e, which controls the largest treasury in DeFi and votes on critical protocol upgrades, such as the fee structures for \u003cb data-path-to-node=\"0\" data-index-in-node=\"824\"\u003eUniswap V3\u003c\/b\u003e (known for its capital-efficient \"concentrated liquidity\") and the modular architecture of \u003cb data-path-to-node=\"0\" data-index-in-node=\"926\"\u003eUniswap V4\u003c\/b\u003e.\u003c\/p\u003e","brand":"Cool Raccoon","offers":[{"title":"Default Title","offer_id":52774417138001,"sku":null,"price":11.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0998\/4635\/7329\/files\/uniswapLMUG.jpg?v=1767888035","url":"https:\/\/cool-raccoon.myshopify.com\/products\/uniswap-crypto-uni-token-tea-coffee-mug-gift","provider":"Cool Raccoon","version":"1.0","type":"link"}