{"id":64181,"date":"2026-04-23T19:23:36","date_gmt":"2026-04-23T16:23:36","guid":{"rendered":"https:\/\/lwallet.com.ua\/what-is-uniswap-v4-how-the-most-popular-defi-exchange-works\/"},"modified":"2026-04-23T19:29:44","modified_gmt":"2026-04-23T16:29:44","slug":"what-is-uniswap-v4-how-the-most-popular-defi-exchange-works","status":"publish","type":"post","link":"https:\/\/lwallet.com.ua\/en\/what-is-uniswap-v4-how-the-most-popular-defi-exchange-works\/","title":{"rendered":"What is Uniswap v4? How the most popular DEFI exchange works."},"content":{"rendered":"\r\n\r\n\r\n<h2 class=\"nm-block-heading wp-block-heading\">What is Uniswap?<\/h2>\r\n\r\n\r\n\r\n<p>Uniswap is a service where you can swap one token for another without an exchange being involved. All you need is a wallet and an internet connection.<br \/>The main difference from regular centralized exchanges (CEXs) is that here there&#8217;s no registration, no KYC, and no intermediaries \u2014 all operations are performed by smart contracts on the blockchain.<\/p>\r\n\r\n\r\n\r\n<p>Uniswap launched back in 2018 on Ethereum, and today it operates across many networks: Ethereum, BNB Chain, Polygon, Arbitrum, and others. Thanks to its simplicity and transparency, it has become one of the most popular platforms in the DeFi world.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"nm-block-heading wp-block-heading\">Advantages of Uniswap<\/h2>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" width=\"750\" height=\"460\" class=\"wp-image-52778\" style=\"width: 924px; height: auto;\" title=\"Uniswap 2\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/uniswap-vs-binance.jpg\" alt=\"What is Uniswap v4\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/uniswap-vs-binance.jpg 750w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/uniswap-vs-binance-300x184.jpg 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/uniswap-vs-binance-350x215.jpg 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/uniswap-vs-binance-680x417.jpg 680w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p>Compared to traditional exchanges, Uniswap offers several important advantages:<\/p>\r\n\r\n\r\n\r\n<ul class=\"nm-block-list wp-block-list\">\r\n<li>You can swap tokens anonymously, without KYC.<\/li>\r\n\r\n\r\n\r\n<li>Private keys and tokens always stay with you, not on exchange accounts.<\/li>\r\n\r\n\r\n\r\n<li>The entire protocol activity is visible on the blockchain.<\/li>\r\n\r\n\r\n\r\n<li>The platform is integrated into many wallets (Ledger Live, SafePal, Trust Wallet, etc.), so swaps can be done directly from the app.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h3 class=\"nm-block-heading wp-block-heading\">How prices are formed on Uniswap vs. on a centralized exchange<\/h3>\r\n\r\n\r\n\r\n<p>Why is the price sometimes different on a DEX and a CEX?<br \/>Let&#8217;s take a look at how it works.<\/p>\r\n\r\n\r\n\r\n<h4 class=\"nm-block-heading wp-block-heading\">Centralized exchange (CEX)<\/h4>\r\n\r\n\r\n\r\n<ul class=\"nm-block-list wp-block-list\">\r\n<li>The price is formed based on orders.<\/li>\r\n\r\n\r\n\r\n<li>When a trader places a buy\/sell order, the exchange matches it with a corresponding order from the other side.<\/li>\r\n\r\n\r\n\r\n<li>The larger the trading volume, the more stable the price and the smaller its fluctuations.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>Example:<br \/>On Binance, the ETH\/USDT rate is $2,500. If someone buys $1,000 worth of ETH, the price will barely change because there&#8217;s plenty of liquidity.<\/p>\r\n\r\n\r\n\r\n<h4 class=\"nm-block-heading wp-block-heading\">Uniswap (DEX)<\/h4>\r\n\r\n\r\n\r\n<ul class=\"nm-block-list wp-block-list\">\r\n<li>The price is determined by a smart contract using the liquidity pool formula: the fewer tokens remain in the pool, the more expensive they become.<\/li>\r\n\r\n\r\n\r\n<li>Any transaction changes the rate instantly.<\/li>\r\n\r\n\r\n\r\n<li>The larger the trade relative to the pool, the higher the slippage.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>Example:<br \/>In the USDT\/ETH pool, the initial rate is 1 ETH = 2,500 USDT.<br \/>If a user buys $50,000 worth of ETH, the amount of ETH in the pool decreases, and the price rises \u2014 for example, to 2,550 USDT.<\/p>\r\n\r\n\r\n\r\n<p>In highly liquid pools (such as ETH\/USDT), the price behaves almost as stably as on a CEX. Noticeable differences can only be seen in small pools.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"nm-block-heading wp-block-heading\">What to do if Uniswap isn&#8217;t working<\/h2>\r\n\r\n\r\n\r\n<p>Sometimes the website may freeze or fail to load tokens for swapping.<br \/>Most often, the problem can be solved easily:<\/p>\r\n\r\n\r\n\r\n<ul class=\"nm-block-list wp-block-list\">\r\n<li>Turn on a VPN<\/li>\r\n\r\n\r\n\r\n<li>Check that the correct network is selected in MetaMask<\/li>\r\n\r\n\r\n\r\n<li>Clear your browser cache.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2 class=\"nm-block-heading wp-block-heading\">Swapping via a hardware wallet<\/h2>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"1024\" height=\"576\" class=\"wp-image-52831\" title=\"Uniswap 3\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/GhVu2u5XMAEfKGQ-scaled-1-1024x576.jpeg\" alt=\"What is Uniswap v4\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/GhVu2u5XMAEfKGQ-scaled-1-1024x576.jpeg 1024w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/GhVu2u5XMAEfKGQ-scaled-1-300x169.jpeg 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/GhVu2u5XMAEfKGQ-scaled-1-768x432.jpeg 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/GhVu2u5XMAEfKGQ-scaled-1-1536x864.jpeg 1536w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/GhVu2u5XMAEfKGQ-scaled-1-2048x1152.jpeg 2048w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/GhVu2u5XMAEfKGQ-scaled-1-350x197.jpeg 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/GhVu2u5XMAEfKGQ-scaled-1-680x383.jpeg 680w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<h3 class=\"nm-block-heading wp-block-heading\">Connecting to MetaMask.<\/h3>\r\n\r\n\r\n\r\n<p>1. Download the <a href=\"https:\/\/metamask.io\/download\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">MetaMask<\/a> extension for your browser.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" width=\"1024\" height=\"999\" class=\"wp-image-52851\" style=\"width: 698px; height: auto;\" title=\"Uniswap 4\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/3AD4DFBD-7C59-4FF6-854C-DEB49E85A2F4-1024x999.png\" alt=\"What is Uniswap v4 - MetaMask\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/3AD4DFBD-7C59-4FF6-854C-DEB49E85A2F4-1024x999.png 1024w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/3AD4DFBD-7C59-4FF6-854C-DEB49E85A2F4-300x293.png 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/3AD4DFBD-7C59-4FF6-854C-DEB49E85A2F4-768x749.png 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/3AD4DFBD-7C59-4FF6-854C-DEB49E85A2F4-350x342.png 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/3AD4DFBD-7C59-4FF6-854C-DEB49E85A2F4-680x664.png 680w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/3AD4DFBD-7C59-4FF6-854C-DEB49E85A2F4.png 1160w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p>2. Select &#8220;Create a new wallet&#8221;.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"686\" height=\"853\" class=\"wp-image-53579\" style=\"width: 488px; height: auto;\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/9496BC19-7135-4133-9C2F-69A550B41A16.png\" alt=\"What is Uniswap v4 - MetaMask 2\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/9496BC19-7135-4133-9C2F-69A550B41A16.png 686w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/9496BC19-7135-4133-9C2F-69A550B41A16-241x300.png 241w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/9496BC19-7135-4133-9C2F-69A550B41A16-350x435.png 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/9496BC19-7135-4133-9C2F-69A550B41A16-680x846.png 680w\" sizes=\"(max-width: 686px) 100vw, 686px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p>3. Here you can pick an option. In my case, I&#8217;m selecting &#8220;Use Secret Recovery Phrase&#8221;.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"484\" height=\"770\" class=\"wp-image-53624\" style=\"width: 450px; height: auto;\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/1F1CD54D-6C59-4FC0-88C2-9FAD31647ACF-1.png\" alt=\"What is Uniswap v4 - MetaMask 3\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/1F1CD54D-6C59-4FC0-88C2-9FAD31647ACF-1.png 484w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/1F1CD54D-6C59-4FC0-88C2-9FAD31647ACF-1-189x300.png 189w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/1F1CD54D-6C59-4FC0-88C2-9FAD31647ACF-1-350x557.png 350w\" sizes=\"(max-width: 484px) 100vw, 484px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p>4. Create a password.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"671\" height=\"734\" class=\"wp-image-53636\" style=\"width: 501px; height: auto;\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/87EB720E-DE14-4737-9B6D-0A2A72412AA6-1.png\" alt=\"What is Uniswap v4 - MetaMask 4\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/87EB720E-DE14-4737-9B6D-0A2A72412AA6-1.png 671w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/87EB720E-DE14-4737-9B6D-0A2A72412AA6-1-274x300.png 274w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/87EB720E-DE14-4737-9B6D-0A2A72412AA6-1-350x383.png 350w\" sizes=\"(max-width: 671px) 100vw, 671px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p>4. Next, you&#8217;ll be prompted to secure your wallet using a recovery phrase. In this case, I&#8217;m skipping this step, because we&#8217;ll be connecting a Ledger wallet to MetaMask, so I&#8217;m not interested in creating a &#8220;secure&#8221; hot wallet.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"757\" height=\"717\" class=\"wp-image-53639\" style=\"width: 549px; height: auto;\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/photo_2025-09-05_14-28-44.jpg\" alt=\"What is Uniswap v4 - MetaMask 5\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/photo_2025-09-05_14-28-44.jpg 757w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/photo_2025-09-05_14-28-44-300x284.jpg 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/photo_2025-09-05_14-28-44-350x332.jpg 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/photo_2025-09-05_14-28-44-680x644.jpg 680w\" sizes=\"(max-width: 757px) 100vw, 757px\" \/><\/figure>\r\n<\/div>\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"542\" height=\"797\" class=\"wp-image-53644\" style=\"width: 540px; height: auto;\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/0EDD93C1-67D7-47BD-B664-73FD54501963.png\" alt=\"What is Uniswap v4 - MetaMask 6\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/0EDD93C1-67D7-47BD-B664-73FD54501963.png 542w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/0EDD93C1-67D7-47BD-B664-73FD54501963-204x300.png 204w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/0EDD93C1-67D7-47BD-B664-73FD54501963-350x515.png 350w\" sizes=\"(max-width: 542px) 100vw, 542px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p>5. Agree to MetaMask&#8217;s terms of use.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"602\" height=\"756\" class=\"wp-image-53651\" style=\"width: 550px; height: auto;\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/photo_2025-09-05_14-33-49.jpg\" alt=\"What is Uniswap v4 - MetaMask 7\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/photo_2025-09-05_14-33-49.jpg 602w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/photo_2025-09-05_14-33-49-239x300.jpg 239w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/photo_2025-09-05_14-33-49-350x440.jpg 350w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure>\r\n<\/div>\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"544\" height=\"684\" class=\"wp-image-53658\" style=\"width: 554px; height: auto;\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/photo_2025-09-05_14-35-09.jpg\" alt=\"What is Uniswap v4 - MetaMask 8\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/photo_2025-09-05_14-35-09.jpg 544w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/photo_2025-09-05_14-35-09-239x300.jpg 239w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/photo_2025-09-05_14-35-09-350x440.jpg 350w\" sizes=\"(max-width: 544px) 100vw, 544px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p>6. In the MetaMask interface, select our account.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"1024\" height=\"539\" class=\"wp-image-53582\" style=\"width: 790px; height: auto;\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/02BDEC43-81A2-48DC-9ABB-73331CED429F-1024x539-1.png\" alt=\"What is Uniswap v4 - MetaMask 9\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/02BDEC43-81A2-48DC-9ABB-73331CED429F-1024x539-1.png 1024w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/02BDEC43-81A2-48DC-9ABB-73331CED429F-1024x539-1-300x158.png 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/02BDEC43-81A2-48DC-9ABB-73331CED429F-1024x539-1-768x404.png 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/02BDEC43-81A2-48DC-9ABB-73331CED429F-1024x539-1-350x184.png 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/02BDEC43-81A2-48DC-9ABB-73331CED429F-1024x539-1-680x358.png 680w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p>7. Connect the <a href=\"https:\/\/lwallet.com.ua\/en\/brand\/ledger-en\/\" data-type=\"link\" data-id=\"https:\/\/lwallet.com.ua\/brand\/ledger\/\">Ledger<\/a> wallet.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" width=\"1024\" height=\"297\" class=\"wp-image-52867\" style=\"width: 828px; height: auto;\" title=\"Uniswap 7\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/E13DE14A-3048-40E1-B96B-BD3CDC9719E2-1024x297.png\" alt=\"What is Uniswap v4 - MetaMask 10\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/E13DE14A-3048-40E1-B96B-BD3CDC9719E2-1024x297.png 1024w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/E13DE14A-3048-40E1-B96B-BD3CDC9719E2-300x87.png 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/E13DE14A-3048-40E1-B96B-BD3CDC9719E2-768x223.png 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/E13DE14A-3048-40E1-B96B-BD3CDC9719E2-350x102.png 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/E13DE14A-3048-40E1-B96B-BD3CDC9719E2-680x197.png 680w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/E13DE14A-3048-40E1-B96B-BD3CDC9719E2.png 1509w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n<\/div>\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" width=\"1024\" height=\"318\" class=\"wp-image-52872\" style=\"width: 832px; height: auto;\" title=\"Uniswap 8\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/9847DE21-9A69-4229-807B-D4D3CE998AE6-1024x318.png\" alt=\"9847DE21 9A69 4229 807B D4D3CE998AE6\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/9847DE21-9A69-4229-807B-D4D3CE998AE6-1024x318.png 1024w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/9847DE21-9A69-4229-807B-D4D3CE998AE6-300x93.png 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/9847DE21-9A69-4229-807B-D4D3CE998AE6-768x239.png 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/9847DE21-9A69-4229-807B-D4D3CE998AE6-350x109.png 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/9847DE21-9A69-4229-807B-D4D3CE998AE6-680x211.png 680w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/9847DE21-9A69-4229-807B-D4D3CE998AE6.png 1494w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n<\/div>\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"754\" height=\"919\" class=\"wp-image-53585\" style=\"width: 520px; height: auto;\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/87BDA1CB-2EF9-4880-8A3D-E8125A5446AE.png\" alt=\"What is Uniswap v4 - MetaMask 11\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/87BDA1CB-2EF9-4880-8A3D-E8125A5446AE.png 754w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/87BDA1CB-2EF9-4880-8A3D-E8125A5446AE-246x300.png 246w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/87BDA1CB-2EF9-4880-8A3D-E8125A5446AE-350x427.png 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/87BDA1CB-2EF9-4880-8A3D-E8125A5446AE-680x829.png 680w\" sizes=\"(max-width: 754px) 100vw, 754px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p>At this point, the Ethereum app must be open on your Ledger device.<\/p>\r\n\r\n\r\n\r\n<p>8. We have successfully connected Ledger to MetaMask.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" width=\"1024\" height=\"429\" class=\"wp-image-52894\" style=\"width: 792px; height: auto;\" title=\"Uniswap 10\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/1A2F2A98-AEB1-41F7-9FAB-C795B4DFBE48-1024x429.png\" alt=\"What is Uniswap v4 - MetaMask 12\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/1A2F2A98-AEB1-41F7-9FAB-C795B4DFBE48-1024x429.png 1024w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/1A2F2A98-AEB1-41F7-9FAB-C795B4DFBE48-300x126.png 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/1A2F2A98-AEB1-41F7-9FAB-C795B4DFBE48-768x322.png 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/1A2F2A98-AEB1-41F7-9FAB-C795B4DFBE48-350x147.png 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/1A2F2A98-AEB1-41F7-9FAB-C795B4DFBE48-680x285.png 680w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/1A2F2A98-AEB1-41F7-9FAB-C795B4DFBE48.png 1493w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<h3 class=\"nm-block-heading wp-block-heading\"><br \/>Connecting to Uniswap.<\/h3>\r\n\r\n\r\n\r\n<p>1. Go to the <a href=\"https:\/\/app.uniswap.org\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Uniswap<\/a> website and connect MetaMask.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"434\" class=\"wp-image-53745\" style=\"width: 798px; height: auto;\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/photo_2025-09-05_18-11-06-1024x434.jpg\" alt=\"What is Uniswap v4 - MetaMask 13\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/photo_2025-09-05_18-11-06-1024x434.jpg 1024w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/photo_2025-09-05_18-11-06-300x127.jpg 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/photo_2025-09-05_18-11-06-768x325.jpg 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/photo_2025-09-05_18-11-06-350x148.jpg 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/photo_2025-09-05_18-11-06-680x288.jpg 680w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/photo_2025-09-05_18-11-06.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n<\/div>\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"1024\" height=\"888\" class=\"wp-image-53589\" style=\"width: 800px; height: auto;\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/4B91DE32-F87E-415A-892B-8E5D7DCC6C19-1024x888-1.png\" alt=\"What is Uniswap v4 - MetaMask 14\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/4B91DE32-F87E-415A-892B-8E5D7DCC6C19-1024x888-1.png 1024w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/4B91DE32-F87E-415A-892B-8E5D7DCC6C19-1024x888-1-300x260.png 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/4B91DE32-F87E-415A-892B-8E5D7DCC6C19-1024x888-1-768x666.png 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/4B91DE32-F87E-415A-892B-8E5D7DCC6C19-1024x888-1-350x304.png 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/4B91DE32-F87E-415A-892B-8E5D7DCC6C19-1024x888-1-680x590.png 680w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p>2. We&#8217;ve successfully connected the wallet and can now swap the coins we need. To do this, click the &#8220;Select token&#8221; button.<br \/>You can also choose the network by clicking the gear icon in the top right corner.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"1024\" height=\"733\" class=\"wp-image-53812\" style=\"width: 802px; height: auto;\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/2763790C-E5A6-4C31-9406-AD0C67CFFA88-1024x733-1.png\" alt=\"What is Uniswap v4 - MetaMask 15\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/2763790C-E5A6-4C31-9406-AD0C67CFFA88-1024x733-1.png 1024w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/2763790C-E5A6-4C31-9406-AD0C67CFFA88-1024x733-1-300x215.png 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/2763790C-E5A6-4C31-9406-AD0C67CFFA88-1024x733-1-768x550.png 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/2763790C-E5A6-4C31-9406-AD0C67CFFA88-1024x733-1-350x251.png 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/2763790C-E5A6-4C31-9406-AD0C67CFFA88-1024x733-1-680x487.png 680w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p>3. In my case, I&#8217;m swapping USDC(BNB) for USDC(BNB). Click &#8220;Review&#8221;, then &#8220;Swap&#8221;.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"815\" height=\"668\" class=\"wp-image-53594\" style=\"width: 805px; height: auto;\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/F0959B96-C6D4-4D00-ABF6-3C9E1CE52043.png\" alt=\"What is Uniswap v4 - MetaMask 16\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/F0959B96-C6D4-4D00-ABF6-3C9E1CE52043.png 815w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/F0959B96-C6D4-4D00-ABF6-3C9E1CE52043-300x246.png 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/F0959B96-C6D4-4D00-ABF6-3C9E1CE52043-768x629.png 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/F0959B96-C6D4-4D00-ABF6-3C9E1CE52043-350x287.png 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/F0959B96-C6D4-4D00-ABF6-3C9E1CE52043-680x557.png 680w\" sizes=\"(max-width: 815px) 100vw, 815px\" \/><\/figure>\r\n<\/div>\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"733\" height=\"882\" class=\"wp-image-53599\" style=\"width: 807px; height: auto;\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/5209DDA8-5E33-4970-B76A-2F76E978D12A.png\" alt=\"What is Uniswap v4 - MetaMask 17\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/5209DDA8-5E33-4970-B76A-2F76E978D12A.png 733w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/5209DDA8-5E33-4970-B76A-2F76E978D12A-249x300.png 249w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/5209DDA8-5E33-4970-B76A-2F76E978D12A-350x421.png 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/5209DDA8-5E33-4970-B76A-2F76E978D12A-680x818.png 680w\" sizes=\"(max-width: 733px) 100vw, 733px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p>4. Sign the transaction in MetaMask and confirm it on the Ledger. Sometimes you need to enable Blind Signing in the Ethereum app settings.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"1024\" height=\"864\" class=\"wp-image-53605\" style=\"width: 810px; height: auto;\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/AD31B854-98AE-45E1-A96D-F017F387A2E7-1024x864-1.png\" alt=\"What is Uniswap v4 - MetaMask 18\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/AD31B854-98AE-45E1-A96D-F017F387A2E7-1024x864-1.png 1024w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/AD31B854-98AE-45E1-A96D-F017F387A2E7-1024x864-1-300x253.png 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/AD31B854-98AE-45E1-A96D-F017F387A2E7-1024x864-1-768x648.png 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/AD31B854-98AE-45E1-A96D-F017F387A2E7-1024x864-1-350x295.png 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/AD31B854-98AE-45E1-A96D-F017F387A2E7-1024x864-1-680x574.png 680w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p>5. Click &#8220;Confirm&#8221;, then review the transaction on the Ledger wallet itself by pressing the right button. At the end, press both buttons to approve the transaction.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" width=\"1024\" height=\"465\" class=\"wp-image-53218\" style=\"width: 558px; height: auto;\" title=\"Uniswap 16\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1351-2-1024x465.jpg\" alt=\"What is Uniswap v4 - MetaMask - Ledger Nano X - 1\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1351-2-1024x465.jpg 1024w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1351-2-300x136.jpg 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1351-2-768x349.jpg 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1351-2-1536x698.jpg 1536w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1351-2-2048x930.jpg 2048w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1351-2-350x159.jpg 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1351-2-680x309.jpg 680w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n<\/div>\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" width=\"1024\" height=\"456\" class=\"wp-image-53212\" style=\"width: 554px; height: auto;\" title=\"Uniswap 18\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1353-1024x456.jpg\" alt=\"What is Uniswap v4 - MetaMask - Ledger Nano X - 2\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1353-1024x456.jpg 1024w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1353-300x134.jpg 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1353-768x342.jpg 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1353-1536x684.jpg 1536w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1353-2048x912.jpg 2048w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1353-350x156.jpg 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1353-680x303.jpg 680w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n<\/div>\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" width=\"1024\" height=\"460\" class=\"wp-image-53224\" style=\"width: 554px; height: auto;\" title=\"Uniswap 20\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1355-1-1024x460.jpg\" alt=\"What is Uniswap v4 - MetaMask - Ledger Nano X - 3\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1355-1-1024x460.jpg 1024w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1355-1-300x135.jpg 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1355-1-768x345.jpg 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1355-1-1536x689.jpg 1536w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1355-1-2048x919.jpg 2048w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1355-1-350x157.jpg 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1355-1-680x305.jpg 680w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n<\/div>\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"454\" class=\"wp-image-53227\" style=\"width: 556px; height: auto;\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1356-1024x454.jpg\" alt=\"What is Uniswap v4 - MetaMask - Ledger Nano X - 4\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1356-1024x454.jpg 1024w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1356-300x133.jpg 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1356-768x341.jpg 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1356-1536x681.jpg 1536w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1356-2048x909.jpg 2048w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1356-350x155.jpg 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/IMG_1356-680x302.jpg 680w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n<\/div>\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" width=\"821\" height=\"516\" class=\"wp-image-53169\" style=\"width: 553px; height: auto;\" title=\"Uniswap 22\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/444393EE-C4A4-4013-B611-432EEE72791B.png\" alt=\"What is Uniswap v4 - MetaMask 20\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/444393EE-C4A4-4013-B611-432EEE72791B.png 821w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/444393EE-C4A4-4013-B611-432EEE72791B-300x189.png 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/444393EE-C4A4-4013-B611-432EEE72791B-768x483.png 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/444393EE-C4A4-4013-B611-432EEE72791B-350x220.png 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/444393EE-C4A4-4013-B611-432EEE72791B-680x427.png 680w\" sizes=\"(max-width: 821px) 100vw, 821px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p>5. The transaction is successful \u2014 we have swapped USDT for USDC on the Binance Smart Chain network.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" width=\"385\" height=\"612\" class=\"wp-image-53172\" style=\"width: 471px; height: auto;\" title=\"Uniswap 23\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/8F27D4D4-1809-4712-8E66-145618517F80.png\" alt=\"What is Uniswap v4 - MetaMask 21\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/8F27D4D4-1809-4712-8E66-145618517F80.png 385w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/8F27D4D4-1809-4712-8E66-145618517F80-189x300.png 189w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/8F27D4D4-1809-4712-8E66-145618517F80-350x556.png 350w\" sizes=\"(max-width: 385px) 100vw, 385px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<h2 class=\"nm-block-heading wp-block-heading\">Liquidity Pools<\/h2>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"1024\" height=\"576\" class=\"wp-image-52803\" title=\"Uniswap 24\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/Blogposts_Infographics_2_Understanding_Liquidity_Pools-1024x576.jpg\" alt=\"What is Uniswap v4 - Liquidity Pools\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/Blogposts_Infographics_2_Understanding_Liquidity_Pools-1024x576.jpg 1024w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/Blogposts_Infographics_2_Understanding_Liquidity_Pools-300x169.jpg 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/Blogposts_Infographics_2_Understanding_Liquidity_Pools-768x432.jpg 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/Blogposts_Infographics_2_Understanding_Liquidity_Pools-1536x864.jpg 1536w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/Blogposts_Infographics_2_Understanding_Liquidity_Pools-2048x1152.jpg 2048w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/Blogposts_Infographics_2_Understanding_Liquidity_Pools-350x197.jpg 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/Blogposts_Infographics_2_Understanding_Liquidity_Pools-680x383.jpg 680w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p>Liquidity pools are at the core of how the Uniswap protocol works. Each smart contract manages a pool consisting of two tokens.<\/p>\r\n\r\n\r\n\r\n<p>Any user can become a Liquidity Provider: to do this, you need to deposit equal values of two tokens into the pool. In return, you receive special pool tokens that represent your share of the pool. These tokens can be redeemed back for the underlying assets at any time.<\/p>\r\n\r\n\r\n\r\n<h3 class=\"nm-block-heading wp-block-heading\">How does it work?<\/h3>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"1024\" height=\"344\" class=\"wp-image-52800\" title=\"Uniswap 25\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/anatomy-d22fb7ab46013a1195f086ee672468c7-1024x344.jpg\" alt=\"What is Uniswap v4 - Liquidity Pools 2\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/anatomy-d22fb7ab46013a1195f086ee672468c7-1024x344.jpg 1024w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/anatomy-d22fb7ab46013a1195f086ee672468c7-300x101.jpg 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/anatomy-d22fb7ab46013a1195f086ee672468c7-768x258.jpg 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/anatomy-d22fb7ab46013a1195f086ee672468c7-1536x515.jpg 1536w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/anatomy-d22fb7ab46013a1195f086ee672468c7-2048x687.jpg 2048w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/anatomy-d22fb7ab46013a1195f086ee672468c7-350x117.jpg 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/anatomy-d22fb7ab46013a1195f086ee672468c7-680x228.jpg 680w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<h4 class=\"nm-block-heading wp-block-heading\">The x * y = k formula<\/h4>\r\n\r\n\r\n\r\n<p>Uniswap pools work as automated market makers. Their job is to always be ready to swap one token for another while maintaining balance according to the formula x * y = k.<\/p>\r\n\r\n\r\n\r\n<ul class=\"nm-block-list wp-block-list\">\r\n<li>x and y are the amounts of each token in the pool.<\/li>\r\n\r\n\r\n\r\n<li>k is a constant that should not change after a trade.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>Under this formula, the rate inside the pool depends on the ratio of tokens. If someone makes a small swap, the balance barely shifts and the price stays close to the market rate. But if the swap is large, it removes too much of one token from the pool, and the price gets progressively worse for the next portion of the trade.<\/p>\r\n\r\n\r\n\r\n<h4 class=\"nm-block-heading wp-block-heading\">Fees and income for providers<\/h4>\r\n\r\n\r\n\r\n<p>Every swap on Uniswap is charged a 0.3% fee, which is automatically added to the pool. This effectively increases the overall balance and works as a reward for liquidity providers (namely, for us). We can withdraw our earnings at any time \u2014 simply by burning our pool tokens and getting back our assets along with the share of fees we earned.<\/p>\r\n\r\n\r\n\r\n<h4 class=\"nm-block-heading wp-block-heading\">Full Range \/ Custom Range<\/h4>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"597\" height=\"663\" class=\"wp-image-53804\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/image-3.png\" alt=\"What is Uniswap v4 - Liquidity Pools 3\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/image-3.png 597w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/image-3-270x300.png 270w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/image-3-350x389.png 350w\" sizes=\"(max-width: 597px) 100vw, 597px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p>Uniswap v3 introduced the ability to choose the price range in which you provide liquidity.<\/p>\r\n\r\n\r\n\r\n<p>Full range \u2014 when your tokens work across the entire possible price range. Essentially, your liquidity is always active, but it&#8217;s spread across the whole scale, so fee income is lower.<\/p>\r\n\r\n\r\n\r\n<p>Custom range \u2014 when you set the price boundaries within which you want to operate.<br \/>For example, for the ETH\/USDT pair, you can choose a range of $1,800\u2013$2,200. In this case, liquidity is concentrated exactly where the price trades, which lets you earn more fees with smaller deposits. The risk is that if the price moves outside your range, your liquidity stops working and you&#8217;ll end up holding only one of the two tokens.<\/p>\r\n\r\n\r\n\r\n<p>Choosing a range is a balance between safety and yield.<br \/>Full range is safer but earns less.<br \/>Custom range can be more profitable but requires careful market analysis.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"nm-block-heading wp-block-heading\"><br \/>How to add liquidity to a pool via a hardware wallet<\/h2>\r\n\r\n\r\n\r\n<p>1. Go to the &#8220;Pool&#8221; tab and click &#8220;Explore Pools&#8221;.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"1024\" height=\"635\" class=\"wp-image-53662\" style=\"width: 752px; height: auto;\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/86EFB103-1238-428E-93D6-6CBB239BF003-1024x635-1.png\" alt=\"What is Uniswap v4 - Liquidity Pools 4\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/86EFB103-1238-428E-93D6-6CBB239BF003-1024x635-1.png 1024w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/86EFB103-1238-428E-93D6-6CBB239BF003-1024x635-1-300x186.png 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/86EFB103-1238-428E-93D6-6CBB239BF003-1024x635-1-768x476.png 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/86EFB103-1238-428E-93D6-6CBB239BF003-1024x635-1-350x217.png 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/86EFB103-1238-428E-93D6-6CBB239BF003-1024x635-1-680x422.png 680w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p><br \/>2. Here you can see all available pools.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"1024\" height=\"942\" class=\"wp-image-53665\" style=\"width: 756px; height: auto;\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/6A177A1B-2D24-44C1-AB14-3E2EDD11F7F8-1024x942-1.png\" alt=\"What is Uniswap v4 - Liquidity Pools 5\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/6A177A1B-2D24-44C1-AB14-3E2EDD11F7F8-1024x942-1.png 1024w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/6A177A1B-2D24-44C1-AB14-3E2EDD11F7F8-1024x942-1-300x276.png 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/6A177A1B-2D24-44C1-AB14-3E2EDD11F7F8-1024x942-1-768x707.png 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/6A177A1B-2D24-44C1-AB14-3E2EDD11F7F8-1024x942-1-350x322.png 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/6A177A1B-2D24-44C1-AB14-3E2EDD11F7F8-1024x942-1-680x626.png 680w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p>3. Click the &#8220;Add Liquidity&#8221; button; in my case, I&#8217;m choosing USDT-USDC. Here you can also check the Fee Tier \u2014 in other words, the percentage you can potentially earn from this pool. Click &#8220;Continue&#8221;.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"1024\" height=\"629\" class=\"wp-image-53669\" style=\"width: 770px; height: auto;\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/B720E992-369B-4798-8CC6-771888FCBDC9-1024x629-1.png\" alt=\"What is Uniswap v4 - Liquidity Pools 6\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/B720E992-369B-4798-8CC6-771888FCBDC9-1024x629-1.png 1024w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/B720E992-369B-4798-8CC6-771888FCBDC9-1024x629-1-300x184.png 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/B720E992-369B-4798-8CC6-771888FCBDC9-1024x629-1-768x472.png 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/B720E992-369B-4798-8CC6-771888FCBDC9-1024x629-1-350x215.png 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/B720E992-369B-4798-8CC6-771888FCBDC9-1024x629-1-680x418.png 680w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p>4. Proceed further by clicking the &#8220;Review&#8221; button. Here you can also set the Price Range I mentioned above. In this case, I&#8217;m adding liquidity to the pool on Full Range.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"847\" height=\"1024\" class=\"wp-image-53675\" style=\"width: 773px; height: auto;\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/4C6E8A2D-5660-408C-93B2-1E68B6CB2072-1-847x1024-2.png\" alt=\"What is Uniswap v4 - Liquidity Pools 7\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/4C6E8A2D-5660-408C-93B2-1E68B6CB2072-1-847x1024-2.png 847w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/4C6E8A2D-5660-408C-93B2-1E68B6CB2072-1-847x1024-2-248x300.png 248w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/4C6E8A2D-5660-408C-93B2-1E68B6CB2072-1-847x1024-2-768x928.png 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/4C6E8A2D-5660-408C-93B2-1E68B6CB2072-1-847x1024-2-350x423.png 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/4C6E8A2D-5660-408C-93B2-1E68B6CB2072-1-847x1024-2-680x822.png 680w\" sizes=\"(max-width: 847px) 100vw, 847px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p><br \/>5. Create our position in the pool by clicking &#8220;Create&#8221;.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"513\" height=\"649\" class=\"wp-image-53678\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/3794B1BC-4FE0-4939-9770-BF10C4996276.png\" alt=\"What is Uniswap v4 - Liquidity Pools 8\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/3794B1BC-4FE0-4939-9770-BF10C4996276.png 513w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/3794B1BC-4FE0-4939-9770-BF10C4996276-237x300.png 237w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/3794B1BC-4FE0-4939-9770-BF10C4996276-350x443.png 350w\" sizes=\"(max-width: 513px) 100vw, 513px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p>6. Next, confirm the transaction in the MetaMask pop-up window, and then on the Ledger wallet itself.<br \/>Don&#8217;t forget that to add liquidity to a pool, you need to hold tokens on the network where the transaction takes place. In my case, I needed BNB.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"1024\" height=\"871\" class=\"wp-image-53683\" style=\"width: 770px; height: auto;\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/E229F6FF-6AA2-47A7-842F-D0C6E5663A32-1024x871-1.png\" alt=\"What is Uniswap v4 - Liquidity Pools 9\" title=\"\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/E229F6FF-6AA2-47A7-842F-D0C6E5663A32-1024x871-1.png 1024w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/E229F6FF-6AA2-47A7-842F-D0C6E5663A32-1024x871-1-300x255.png 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/E229F6FF-6AA2-47A7-842F-D0C6E5663A32-1024x871-1-768x653.png 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/E229F6FF-6AA2-47A7-842F-D0C6E5663A32-1024x871-1-350x298.png 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/09\/E229F6FF-6AA2-47A7-842F-D0C6E5663A32-1024x871-1-680x578.png 680w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<p><br \/>7. We&#8217;ve successfully added liquidity to the pool. Our position is now shown in the &#8220;Pool&#8221; tab.<\/p>\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" width=\"836\" height=\"758\" class=\"wp-image-53199\" style=\"width: 772px; height: auto;\" title=\"Uniswap 33\" src=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/7FB26ED5-6704-476E-85A1-0F974517106E.png\" alt=\"What is Uniswap v4 - Liquidity Pools 10\" srcset=\"https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/7FB26ED5-6704-476E-85A1-0F974517106E.png 836w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/7FB26ED5-6704-476E-85A1-0F974517106E-300x272.png 300w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/7FB26ED5-6704-476E-85A1-0F974517106E-768x696.png 768w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/7FB26ED5-6704-476E-85A1-0F974517106E-350x317.png 350w, https:\/\/lwallet.com.ua\/wp-content\/uploads\/2025\/08\/7FB26ED5-6704-476E-85A1-0F974517106E-680x617.png 680w\" sizes=\"(max-width: 836px) 100vw, 836px\" \/><\/figure>\r\n<\/div>\r\n\r\n\r\n<h2 class=\"nm-block-heading wp-block-heading\">Disadvantages of Uniswap<\/h2>\r\n\r\n\r\n\r\n<p>As with anything, Uniswap has its downsides:<\/p>\r\n\r\n\r\n\r\n<ul class=\"nm-block-list wp-block-list\">\r\n<li>If you make a mistake in a transaction, there&#8217;s no way to get the funds back.<\/li>\r\n\r\n\r\n\r\n<li>The smaller the pool and the larger the trade, the more the price changes.<\/li>\r\n\r\n\r\n\r\n<li>When adding liquidity, your return can be lower if the price of one of the tokens shifts significantly.<\/li>\r\n\r\n\r\n\r\n<li>Anyone can create a token and add it to Uniswap, so always verify the token&#8217;s contract \u2014 for example, on CoinGecko.<\/li>\r\n\r\n\r\n\r\n<li>You can&#8217;t swap a token on Ethereum directly for a token on BNB Chain without using a bridge.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2 class=\"nm-block-heading wp-block-heading\">Conclusion<\/h2>\r\n\r\n\r\n\r\n<p>Today, Uniswap is more than just a token swap service \u2014 it&#8217;s a full-fledged ecosystem with liquidity pools, earning tools, and support for multiple networks.<\/p>\r\n\r\n\r\n\r\n<p>For the regular user, it&#8217;s a fast and convenient way to swap tokens without registration and unnecessary barriers.<br \/>For more experienced users, it&#8217;s an opportunity to earn fees and become part of the liquidity market.<\/p>\r\n\r\n\r\n\r\n<p>Uniswap still stands as an example that DeFi can operate in a decentralized, transparent way, without third-party control.<\/p>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>What is Uniswap? Uniswap is a service where you can swap one token for another without an exchange being involved. All you need is a wallet and an internet connection.The main difference from regular centralized exchanges (CEXs) is that here there&#8217;s no registration, no KYC, and no intermediaries \u2014 all operations are performed by smart &hellip;<\/p>\n","protected":false},"author":10,"featured_media":53824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[633],"tags":[],"class_list":["post-64181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hardware-wallets"],"_links":{"self":[{"href":"https:\/\/lwallet.com.ua\/en\/wp-json\/wp\/v2\/posts\/64181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lwallet.com.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lwallet.com.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lwallet.com.ua\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/lwallet.com.ua\/en\/wp-json\/wp\/v2\/comments?post=64181"}],"version-history":[{"count":3,"href":"https:\/\/lwallet.com.ua\/en\/wp-json\/wp\/v2\/posts\/64181\/revisions"}],"predecessor-version":[{"id":64185,"href":"https:\/\/lwallet.com.ua\/en\/wp-json\/wp\/v2\/posts\/64181\/revisions\/64185"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lwallet.com.ua\/en\/wp-json\/wp\/v2\/media\/53824"}],"wp:attachment":[{"href":"https:\/\/lwallet.com.ua\/en\/wp-json\/wp\/v2\/media?parent=64181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lwallet.com.ua\/en\/wp-json\/wp\/v2\/categories?post=64181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lwallet.com.ua\/en\/wp-json\/wp\/v2\/tags?post=64181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}