Uniswap

As the most popular AMM on Ethereum, it’s easy to forget that it’s one of the oldest DeFi protocols out there.  Along with Bancor, Uniswap was the project most responsible for crafting peoples’ perceptions of what an Automated Market Maker is and ought to be.

With the growth of DeFi in general, Uniswap gained massive traction and exponential growth in real-world usage as throngs of people used it to launch new tokens in a trustless way without requiring a Centralized Exchange listing.

For how old the protocol is, we feel it also belongs as a hallmark example of “Least Risk” due to the quality of the dev talent that is both in the project and orbiting it at all times.  With the launch of their UNI token, the project is EXTREMELY well funded to afford the best 3rd party security reviews, and is well connected enough to have their peer network of the best Solidity developers look over all their exotic and novel code before launch.

The way they launch is the ideal way to do it, and it speaks volumes that through a V2 and V3 upgrade to Uniswap, they haven’t had any catastrophic loss of user funds due to exploits as of the date of this review.  As such, we feel that the best practices implemented by Uniswap are a good example for other projects to aspire to and that is why it is in our “Least Risk” category.