Uniswap is the protocol that made onchain trading real: the automated market maker the rest of the industry copied, the deepest spot liquidity in DeFi, and the venue that has settled more decentralized volume than any other exchange since 2018.
That standing is earned mechanically. V2 proved that a constant product formula and a pair of reserves can make a market in anything, permissionlessly, with no order book and no operator. V3 concentrated liquidity into ranges so a dollar deposited works many times harder inside the band it covers. V4 collapses every pool into a single manager and lets pools carry their own logic. Each version has run without pause through every market DeFi has produced, and the price on Uniswap is the price arbitrage holds the rest of the world to.
None of that machinery manages your side of it. A concentrated position earns nothing the moment price walks out of its range, and price walks out of ranges at night. Fees accrue but sit uncollected until someone signs. The pair drifts, the ratio you deposited at is not the ratio you hold, and rebalancing means unwinding and re-entering with gas, slippage, and timing all on you. The market makes itself every block; your position waits for you to show up.
Every number Uniswap keeps is a step in a plug: pool reserves, the spot price, the quote for any size, the tokens and liquidity behind a position, the supply of a pool's LP token, and any one of them can decide what happens next. Providing liquidity, minting and adjusting concentrated positions, collecting fees, and swapping run when a condition is met rather than when a person is awake. A plug holds the range the way the pool holds the invariant: by rule, every block.
Fees collected the moment they clear the threshold you set. A position rebalanced back into range while you slept. Liquidity pulled the block a pool's price crosses your line. An entry that waits for the quote you actually wanted.
The liquidity that earns on Uniswap is already run this way. A position in range and a position that used to be in range look identical on a dashboard, and the difference between them is decided at hours when nobody is looking.
Add liquidityAdd liquidityProvides both tokens to a Uniswap V2 pair and receives LP tokens.Provides both tokens to a Uniswap V2 pair and receives LP tokens.
Collect feesCollect feesSweeps everything a Uniswap V3 position owes to the socket: fees and any uncollected principal.Sweeps everything a Uniswap V3 position owes to the socket: fees and any uncollected principal.
Collect V4 feesCollect V4 feesSweeps the fees a Uniswap V4 position has accrued in both currencies to the socket.Sweeps the fees a Uniswap V4 position has accrued in both currencies to the socket.
Decrease liquidityDecrease liquidityBurns liquidity units from a Uniswap V3 position and collects the tokens and fees.Burns liquidity units from a Uniswap V3 position and collects the tokens and fees.
Decrease V4 liquidityDecrease V4 liquidityBurns liquidity units from a Uniswap V4 position and takes the currencies and fees.Burns liquidity units from a Uniswap V4 position and takes the currencies and fees.
Get LP supplyGet LP supplyReads a Uniswap V2 pair's LP total supply and the share the socket's LP balance represents.Reads a Uniswap V2 pair's LP total supply and the share the socket's LP balance represents.
Get position liquidityGet position liquidityReads the current liquidity units of a Uniswap V3 position.Reads the current liquidity units of a Uniswap V3 position.
Get position tokensGet position tokensReads the token0 and token1 addresses of a Uniswap V3 position.Reads the token0 and token1 addresses of a Uniswap V3 position.
Get priceGet priceReads the spot price of one token in the other on a Uniswap V2 pair.Reads the spot price of one token in the other on a Uniswap V2 pair.
Get quoteGet quoteReads the amount a Uniswap V2 pair would pay right now for a swap.Reads the amount a Uniswap V2 pair would pay right now for a swap.
Get reservesGet reservesReads the token reserves held by a Uniswap V2 pair and when they last changed.Reads the token reserves held by a Uniswap V2 pair and when they last changed.
Get tokensGet tokensReads the token0 and token1 addresses of a Uniswap V2 pair.Reads the token0 and token1 addresses of a Uniswap V2 pair.
Get V4 position liquidityGet V4 position liquidityReads the current liquidity units of a Uniswap V4 position.Reads the current liquidity units of a Uniswap V4 position.
Get V4 position tokensGet V4 position tokensReads the currency0 and currency1 addresses of a Uniswap V4 position.Reads the currency0 and currency1 addresses of a Uniswap V4 position.
Increase liquidityIncrease liquidityAdds both tokens to an existing Uniswap V3 position within its tick range.Adds both tokens to an existing Uniswap V3 position within its tick range.
Increase V4 liquidityIncrease V4 liquidityAdds both currencies to an existing Uniswap V4 position at its tick range.Adds both currencies to an existing Uniswap V4 position at its tick range.
Mint positionMint positionOpens a Uniswap V3 or V4 position in a chosen tick range and receives the position NFT.Opens a Uniswap V3 or V4 position in a chosen tick range and receives the position NFT.
Remove liquidityRemove liquidityBurns Uniswap V2 LP tokens and withdraws the pooled share of both tokens.Burns Uniswap V2 LP tokens and withdraws the pooled share of both tokens.