Uniswap

What Uniswap is (in plain English)

Uniswap is a decentralized exchange (DEX) protocol. It lets you swap tokens on-chain and, if you choose, provide liquidity to earn trading fees. On DeFi Farmer, Uniswap shows up mostly as a reference point for two common types of points strategies:

• DEX usage (swaps, volume, routing); this is where a lot of “trade for points” campaigns live.
• Liquidity providing (LP); this is where farmers often take on impermanent loss and pool-specific risks.

If you only do one thing: treat Uniswap like a “baseline” protocol where the mechanics are familiar, but the risks are still real. On Ethereum and L2s, small UI mistakes (wrong chain, wrong token, wrong approvals) can be more expensive than any points upside.

What we track for Uniswap on DeFi Farmer

This page is not an Uniswap tutorial or a recommendation to use the protocol. It’s a structured “facts + sources” page so you can decide faster and safer.

On this protocol page we focus on:

• Programs and timelines we track for Uniswap (status, dates, and “last verified” timestamps).
• Official links; the website/app link-outs are routed through our /go/* redirects to reduce the chance you end up on a phishing domain.
• Editorial notes when something is unclear, changed recently, or is commonly misunderstood by farmers.

For broad points strategy education, use the blog guides (for example: approvals, scoring patterns, timelines, and exit plans). This protocol page is meant to be practical and scannable.

How points campaigns around DEXs usually work

DEX-related points programs usually reward some combination of:

• Volume (trade size and frequency).
• Liquidity (TVL or time-weighted liquidity).
• Breadth (number of pools, tokens, or routes used).
• Consistency (doing “some” activity over many days instead of one large day).

The exact scoring rules are often not fully disclosed, and they can change mid-campaign. Even when a protocol is reputable, a points campaign is still a moving target. You should assume the scoring system can be updated without warning.

Use the “Programs / Timeline” section below as a starting point, then verify any campaign-specific rules in official sources.

The two big risk buckets: swaps vs LP

Swapping risk (usually smaller, but still non-zero)

If you are only swapping, your main risks are:

• Execution risk: price impact and MEV; small trades can still get worse execution than you expect.
• Wrong asset risk: fake tokens with similar tickers.
• Approval risk: approving a token to an untrusted spender (or approving more than you meant to).

If you need a refresher on approvals and common traps, start with: Token approvals and Permit2.

LP risk (can be much larger)

LP positions come with risks that many points farmers underestimate:

• Impermanent loss (IL); you can be “right” about points and still lose value relative to holding.
• Pool-specific risk: stable pools, volatile pools, and exotic assets behave differently.
• Smart contract risk: LP tokens represent exposure to pool contracts.
• Operational risk: rebalancing, fee claims, and tax/reporting complexity.

If you are comparing “LP for points” vs “do nothing,” run a sanity check with the IL tool: Impermanent Loss Calculator and the companion guide: Impermanent loss calculator: how IL works + examples.

A safer workflow for interacting with Uniswap (without chasing points)

This is not a “farm this” checklist. It’s a way to reduce avoidable losses when you do choose to use a DEX.

1. Start from official sources. Use the source links on this page. Avoid clicking random “airdrop” sites.
2. Confirm chain first (Ethereum vs Base vs Arbitrum, etc). Most costly mistakes start with being on the wrong network.
3. Confirm token contract addresses for anything non-obvious. Tickers are not identities.
4. Keep approvals tight:
   • approve only what you need;
   • revoke old approvals periodically;
   • be extra careful with “infinite approval” prompts.
5. Track your actions. Points programs often use snapshots; you need timestamps and transaction hashes if you ever have to debug eligibility.

If you want a lightweight process for staying organized, use: Questing recordkeeping template.

FAQ (Uniswap + points farming)

Does using Uniswap guarantee points or an airdrop?

No. Uniswap usage is sometimes part of other protocols’ campaigns, but points are not guaranteed and are not the same as a token distribution.

Is LP “worth it” for points?

There is no universal answer. LP can add meaningful risk (IL, pool risk, smart contract risk). If you’re even considering LP for points, you should plan around risk first and treat points as upside that may never materialize.

What’s the most common mistake farmers make on DEX campaigns?

They over-optimize for activity and ignore link safety and approvals. A single bad approval or phishing click can erase any potential points value.

What should I verify before I assume a Uniswap-related campaign is real?

Use this checklist: How to verify a points program is real and How to triage protocol sources. Look for official UI evidence, official docs references, and dated announcements.

Official references (primary sources)

• Website: uniswap.org
• App: app.uniswap.org
• Docs: docs.uniswap.org
• X / Twitter: @Uniswap

Next steps

• Browse all programs in the directory: Points directory
• Compare DEX-related risks: DEX category
• Use the IL tool before taking LP risk: Impermanent Loss Calculator