{"id":23655,"date":"2025-09-04T08:34:48","date_gmt":"2025-09-04T08:34:48","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=23655"},"modified":"2025-09-04T08:34:48","modified_gmt":"2025-09-04T08:34:48","slug":"uniswap-2025-o-que-e-e-como-funciona","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/pt\/uniswap-2025-o-que-e-e-como-funciona","title":{"rendered":"Uniswap 2025: o que \u00e9 e como funciona"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/pt\/uniswap-2025-o-que-e-e-como-funciona\/#a_historia_e_a_evolucao_desde_2018_do_unicornio_ao_lobo\" >A hist\u00f3ria e a evolu\u00e7\u00e3o desde 2018: Do unic\u00f3rnio ao lobo<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/pt\/uniswap-2025-o-que-e-e-como-funciona\/#como_funciona_o_uniswap_o_dex_e_o_amm_que_te_faz_ganhar_ou_perder\" >Como funciona o Uniswap? O DEX e o AMM que te faz ganhar (ou perder)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/pt\/uniswap-2025-o-que-e-e-como-funciona\/#pools_de_liquidez_e_liquidity_mining_em_2025_como_fazer_grana_sem_levar_tanta_facada\" >Pools de liquidez e liquidity mining em 2025: Como fazer grana sem levar tanta facada<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/pt\/uniswap-2025-o-que-e-e-como-funciona\/#uni_o_token_que_nao_so_vota_tambem_distribui_grana\" >UNI: O token que n\u00e3o s\u00f3 vota, tamb\u00e9m distribui grana<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/pt\/uniswap-2025-o-que-e-e-como-funciona\/#vantagens_e_desvantagens_em_2025_vale_a_pena_entrar\" >Vantagens e desvantagens em 2025: Vale a pena entrar?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.bitnovo.com\/blog\/pt\/uniswap-2025-o-que-e-e-como-funciona\/#uniswap_alem_do_ethereum_interoperabilidade_e_futuro\" >Uniswap al\u00e9m do Ethereum: interoperabilidade e futuro<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.bitnovo.com\/blog\/pt\/uniswap-2025-o-que-e-e-como-funciona\/#vale_subir_no_unicornio_ou_melhor_ficar_de_fora\" >Vale subir no unic\u00f3rnio ou melhor ficar de fora?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 6<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Aqui n\u00e3o tem enrola\u00e7\u00e3o, vou te jogar a verdade crua sobre o\u00a0<strong>Uniswap<\/strong>, o maldito motor que move hoje o jogo\u00a0<strong>DeFi<\/strong>. Se voc\u00ea quer saber o que \u00e9 o Uniswap, acertou em cheio. Em 2025, esse protocolo j\u00e1 n\u00e3o \u00e9 o que era. Essa hist\u00f3ria de \u201co exchange descentralizado da moda\u201d j\u00e1 est\u00e1 ultrapassada. Agora falamos da\u00a0<strong>m\u00e3e de todos os DEXs<\/strong>.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Uniswap \u00e9 o\u00a0<strong>DEX<\/strong>\u00a0(exchange descentralizado) mais poderoso do ecossistema cripto e n\u00e3o vou discutir isso com ningu\u00e9m. Para come\u00e7ar, ele permite trocar tokens\u00a0<strong>sem intermedi\u00e1rios<\/strong>, sem bancos que te ferram com taxas absurdas, e sem esperar horas para que sua transa\u00e7\u00e3o seja processada.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Com o lan\u00e7amento do\u00a0<strong>Uniswap V4<\/strong>\u00a0em janeiro de 2025, a plataforma teve um glow up incr\u00edvel e agora \u00e9 um\u00a0<strong>ecossistema cross-chain<\/strong>\u00a0que movimenta bilh\u00f5es em volume di\u00e1rio. Surreal. Na real, faz os exchanges tradicionais parecerem dinossauros.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">N\u00e3o \u00e9 segredo para ningu\u00e9m que tanto na blockchain Ethereum quanto em blockchains semelhantes est\u00e1 rolando uma revolu\u00e7\u00e3o na ind\u00fastria financeira. Mas eu diria at\u00e9 que o\u00a0<strong>Uniswap<\/strong>\u00a0\u00e9 o projeto mais interessante constru\u00eddo sobre essas bases.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Basicamente, \u00e9 um protocolo que permite que compradores e vendedores troquem tokens atrav\u00e9s de\u00a0<strong>smart contracts<\/strong>, sem precisar usar um exchange nem depender de um order book.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Em poucas palavras: o Uniswap \u00e9 onde o dinheiro tradicional bate as botas e onde os smart contracts garantem que voc\u00ea n\u00e3o seja enganado\u2026 bom, pelo menos n\u00e3o pelos intermedi\u00e1rios.<\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"a-histria-e-a-evoluo-desde-2018-do-unicrnio-ao-lob\" class=\"mb-2 mt-4 text-base font-[475] first:mt-0 md:text-lg dark:font-[450] [hr+&amp;]:mt-4\"><span class=\"ez-toc-section\" id=\"a_historia_e_a_evolucao_desde_2018_do_unicornio_ao_lobo\"><\/span>A hist\u00f3ria e a evolu\u00e7\u00e3o desde 2018: Do unic\u00f3rnio ao lobo<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Tudo come\u00e7ou bem simples. O\u00a0<strong>Uniswap<\/strong>\u00a0foi pensado para oferecer dois servi\u00e7os: ser um\u00a0<strong>DEX<\/strong>\u00a0dentro do ecossistema Ethereum e tamb\u00e9m um\u00a0<strong>protocolo de liquidez automatizado (AMM)<\/strong>.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">A hist\u00f3ria come\u00e7a com\u00a0<strong>Hayden Adams<\/strong>. Esse cara tinha perdido o emprego e, em 2017, se deparou com as ideias revolucion\u00e1rias de\u00a0<a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/www.bitnovo.com\/blog\/quien-es-vitalik-buterin\/\" target=_blank rel=\"nofollow noopener\" rel=\"noopener\">Vitalik Buterin<\/a>\u00a0sobre os AMMs. O projeto ganhou forma depois de uma s\u00e9rie de posts de Vitalik (criador do Ethereum) feitos em 2017 e 2018. Nos primeiros ele insinuava a possibilidade de criar um DEX sobre o Ethereum e nos outros falava sobre os AMMs.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Tio Hayden Adams viu essas ideias e pensou: \u201cCaramba! Isso \u00e9 perfeito para o meu unic\u00f3rnio\u201d. Assim, criou o\u00a0<strong>Uniswap<\/strong>\u00a0e o transformou no que hoje \u00e9: um dos maiores sistemas DeFi do Ethereum.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">O mais engra\u00e7ado \u00e9 que ningu\u00e9m esperava que um simples\u00a0<strong>experimento<\/strong>\u00a0acabasse comendo o almo\u00e7o dos bancos tradicionais.\u00a0<strong>Spoiler:<\/strong>\u00a0foi exatamente isso o que aconteceu. Enquanto isso, os bancos seguem brincando com fax e formul\u00e1rios em papel.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Para voc\u00ea ver melhor, aqui vai a evolu\u00e7\u00e3o brutal do Uniswap:<\/p>\n<ul class=\"marker:text-quiet list-disc\">\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>V1 (2018):<\/strong>\u00a0O experimento que iniciou os AMMs<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>V2 (2020):<\/strong>\u00a0Pools mais vers\u00e1teis (token\/token), flash swaps e fundamentos melhores<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>UNI Token (2020):<\/strong>\u00a0O token de governan\u00e7a que mudou tudo<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>V3 (2021):<\/strong>\u00a0Liquidez concentrada e efici\u00eancia de capital no m\u00e1ximo n\u00edvel<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>V4 (janeiro de 2025):<\/strong>\u00a0Hooks personaliz\u00e1veis, arquitetura modular e at\u00e9 99% menos gas na cria\u00e7\u00e3o de pools. A besta definitiva.<\/p>\n<\/li>\n<\/ul>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Enquanto os bancos tradicionais discutiam se o Bitcoin era moda ou n\u00e3o, o Uniswap j\u00e1 estava na 15\u00aa vers\u00e3o reescrevendo todo o sistema XD.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-23656 size-full\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/Guia-Uniswap-2025-1.jpg\" alt=\"\" width=\"459\" height=\"346\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/Guia-Uniswap-2025-1.jpg 459w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/Guia-Uniswap-2025-1-300x226.jpg 300w\" sizes=\"(max-width: 459px) 100vw, 459px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"como_funciona_o_uniswap_o_dex_e_o_amm_que_te_faz_ganhar_ou_perder\"><\/span>Como funciona o Uniswap? O DEX e o AMM que te faz ganhar (ou perder)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Do Uniswap tem muito o que dizer, mas vou resumir. O funcionamento tem dois eixos: um\u00a0<strong>DEX descentralizado<\/strong>\u00a0e um\u00a0<strong>protocolo de liquidez automatizado (AMM)<\/strong>.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">O\u00a0<strong>DEX Uniswap<\/strong>\u00a0funciona parecido com os exchanges normais: algu\u00e9m quer trocar uma cripto por outra, e a transa\u00e7\u00e3o \u00e9 feita. A diferen\u00e7a \u00e9 que no\u00a0<a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/app.uniswap.org\/\" target=_blank rel=\"nofollow noopener\" rel=\"noopener\">Uniswap<\/a>\u00a0isso \u00e9 feito via\u00a0<strong>smart contracts<\/strong>\u00a0descentralizados.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Exemplo: voc\u00ea quer trocar seus tokens e, em vez de esperar algu\u00e9m comprar, aqui voc\u00ea simplesmente joga no contrato. Pronto. O smart contract cuida disso e conecta com algu\u00e9m no outro lado. O controle dos fundos \u00e9 sempre seu. A base de usu\u00e1rios e provedores de liquidez \u00e9 enorme, ent\u00e3o as trocas acontecem bem r\u00e1pido.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Agora, no modelo\u00a0<strong>AMM<\/strong>\u00a0\u00e9 onde o Uniswap d\u00e1 o golpe. Ele funciona com o design\u00a0<strong>Constant Product Market Maker (CPMM)<\/strong>. Com a <a href=\"https:\/\/v4.uniswap.org\/\">V4<\/a>, ficou mais flex\u00edvel ainda com os novos\u00a0<strong>Hooks<\/strong>, que permitem fun\u00e7\u00f5es como ordens limite, rebalanceamento autom\u00e1tico ou gest\u00e3o inteligente da liquidez.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Em resumo, centenas de usu\u00e1rios colocam suas criptos em um\u00a0<strong>pool de liquidez<\/strong>\u00a0de qualquer par (por exemplo, DAI\/ETH). Esses fundos servem para os outros trocarem os tokens.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Todo mundo ganha: os depositantes levam parte das taxas, de acordo com quanto colocaram. Com a V4, essas taxas s\u00e3o\u00a0<strong>din\u00e2micas<\/strong>\u00a0e se ajustam automaticamente \u00e0 volatilidade do mercado.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Legal, mas cuidado com o\u00a0<strong>gas<\/strong>. Ainda d\u00f3i para quem n\u00e3o entende nada. Contudo, com a V4, as taxas de gas ca\u00edram em\u00a0<strong>30%<\/strong>, e a cria\u00e7\u00e3o de novos pools est\u00e1<a href=\"https:\/\/ideasdeinversionbyfi.substack.com\/p\/novedades-lanzamiento-uniswap-v4-eth-yield-farming-hooks-defi\">\u00a0<strong>99,99% mais barata<\/strong><\/a> do que nas vers\u00f5es anteriores.<\/p>\n<h2 id=\"pools-de-liquidez-e-liquidity-mining-em-2025-como\" class=\"mb-2 mt-4 text-base font-[475] first:mt-0 md:text-lg dark:font-[450] [hr+&amp;]:mt-4\"><span class=\"ez-toc-section\" id=\"pools_de_liquidez_e_liquidity_mining_em_2025_como_fazer_grana_sem_levar_tanta_facada\"><\/span>Pools de liquidez e liquidity mining em 2025: Como fazer grana sem levar tanta facada<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Como disse, a ideia do Uniswap \u00e9 obter liquidez de alguns usu\u00e1rios para que outros possam negociar sem dor de cabe\u00e7a. Em 2025, o\u00a0<strong>liquidity mining<\/strong>\u00a0continua sendo a mina de ouro e a V4 \u00e9 o turbo que faltava.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Os\u00a0<strong>pools<\/strong>\u00a0funcionam em pares. Exemplo: se abrir um pool DAI\/ETH, o provedor deve depositar valor tanto em DAI quanto em ETH.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Com a V4, os\u00a0<strong>Hooks<\/strong>\u00a0permitem estrat\u00e9gias mais sofisticadas: pools que se reequilibram sozinhos, que cobram taxas vari\u00e1veis conforme as condi\u00e7\u00f5es de mercado ou que executam ordens limite automaticamente.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Exemplo pr\u00e1tico: Iniesta quer trocar 50 DAI por ETH. Vai at\u00e9 o pool DAI\/ETH, faz a solicita\u00e7\u00e3o e espera. O pool pega os 50 DAI e em troca envia 50 d\u00f3lares em ETH. Resultado: -50$ em ETH, +50 DAI no pool.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Mas entenda: o mundo do\u00a0<strong>DeFi n\u00e3o \u00e9 para ing\u00eanuos<\/strong>. Se voc\u00ea se queimar em perdas impermanentes ou rugpulls, n\u00e3o chore. J\u00e1 falei mil vezes: invista s\u00f3 o que pode perder.<\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"uni-o-token-que-no-s-vota-tambm-distribui-grana\" class=\"mb-2 mt-4 text-base font-[475] first:mt-0 md:text-lg dark:font-[450] [hr+&amp;]:mt-4\"><span class=\"ez-toc-section\" id=\"uni_o_token_que_nao_so_vota_tambem_distribui_grana\"><\/span>UNI: O token que n\u00e3o s\u00f3 vota, tamb\u00e9m distribui grana<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">O povo lembra do\u00a0<strong>UNI<\/strong>\u00a0como token de governan\u00e7a, mas h\u00e1 muito tempo deixou de ser s\u00f3 isso. Continua sendo, mas hoje \u00e9 bem mais. Agora o UNI participa como pe\u00e7a-chave no ecossistema: governan\u00e7a, rendimento e poder dentro da plataforma.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">\u00c9 um\u00a0<a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/www.bitnovo.com\/blog\/que-es-un-token-erc-20\" target=_blank rel=\"nofollow noopener\" rel=\"noopener\">token ERC-20<\/a>\u00a0rodando no Ethereum. Ele tamb\u00e9m controla o tesouro da comunidade UNI e as mudan\u00e7as de taxa no protocolo.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Ter UNI \u00e9 como ser um mini-rei nessa selva. Voc\u00ea pode votar nos rumos do protocolo e, desde a\u00a0<strong>V4<\/strong>, os holders participam diretamente da receita gra\u00e7as ao\u00a0<a class=\"break-word hover:text-super hover:decoration-super underline decoration-from-font underline-offset-1 transition-all duration-300\" href=\"https:\/\/support.uniswap.org\/hc\/en-us\/articles\/18673568523789-What-is-a-token-fee\" target=_blank rel=\"nofollow noopener\" rel=\"noopener\">fee sharing<\/a>\u00a0melhorado.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">O UNI foi lan\u00e7ado em\u00a0<strong>16 de setembro de 2020<\/strong>\u00a0via\u00a0<strong>airdrop<\/strong>. Seu objetivo: estimular a liquidez com o\u00a0<strong>liquidity mining<\/strong>\u00a0e salvar o projeto.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Com a\u00a0<strong>V4<\/strong>, h\u00e1 novas coisas a considerar, mesmo que o papel principal de UNI continue sendo a governan\u00e7a. Agora voc\u00ea vota nos rumos do protocolo, mudan\u00e7as de taxas e tamb\u00e9m na implementa\u00e7\u00e3o e aprova\u00e7\u00e3o dos novos\u00a0<strong>Hooks<\/strong>.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Embora n\u00e3o tenha havido mudan\u00e7as revolucion\u00e1rias no token em si, ter UNI te d\u00e1 voz na evolu\u00e7\u00e3o dessa\u00a0<strong>fera tecnol\u00f3gica<\/strong>, que agora inclui hooks personaliz\u00e1veis e funcionalidades cross-chain. Nada mal, n\u00e9?<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-23657 size-large\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/UNI-1-1024x683.jpg\" alt=\"\" width=\"1024\" height=\"683\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/UNI-1-1024x683.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/UNI-1-300x200.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/UNI-1-768x512.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/UNI-1-1536x1024.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/UNI-1.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h3 id=\"vantagens-e-desvantagens-em-2025-vale-a-pena-entra\" class=\"mb-2 mt-4 text-base font-[475] first:mt-0 md:text-lg dark:font-[450] [hr+&amp;]:mt-4\"><span class=\"ez-toc-section\" id=\"vantagens_e_desvantagens_em_2025_vale_a_pena_entrar\"><\/span>Vantagens e desvantagens em 2025: Vale a pena entrar?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Antes de se jogar nos UNI, veja os pr\u00f3s e contras:<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Pr\u00f3s:<\/strong><\/p>\n<ul class=\"marker:text-quiet list-disc\">\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Totalmente descentralizado<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Suporte a tokens ERC-20 e multichain<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Open source<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Trading mais barato com a V4<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Pools d\u00e3o retornos altos<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">At\u00e9 99% menos gas em cria\u00e7\u00e3o de pools e -30% em swaps<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Suporte nativo ETH (economia adicional de gas)<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Taxas din\u00e2micas que se ajustam automaticamente<\/p>\n<\/li>\n<\/ul>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Contras:<\/strong><\/p>\n<ul class=\"marker:text-quiet list-disc\">\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Ethereum ainda n\u00e3o \u00e9 perfeito, gas \u00e0s vezes incomoda<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">O protocolo est\u00e1 sempre em evolu\u00e7\u00e3o \u2192 alto risco<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Cuidado com scam e tokens falsos<\/p>\n<\/li>\n<li class=\"py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&amp;&gt;p]:pt-0 [&amp;&gt;p]:mb-2 [&amp;&gt;p]:my-0\">\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Hooks da V4 adicionam complexidade e novos vetores de ataque<\/p>\n<\/li>\n<\/ul>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Ou voc\u00ea come, ou \u00e9 comido. O divertido do DeFi em 2025 \u00e9 que quem entende o jogo ganha grana s\u00e9ria. Os turistas saem com os bolsos vazios.<\/p>\n<h2 id=\"uniswap-alm-do-ethereum-interoperabilidade-e-futur\" class=\"mb-2 mt-4 text-base font-[475] first:mt-0 md:text-lg dark:font-[450] [hr+&amp;]:mt-4\"><span class=\"ez-toc-section\" id=\"uniswap_alem_do_ethereum_interoperabilidade_e_futuro\"><\/span>Uniswap al\u00e9m do Ethereum: interoperabilidade e futuro<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Chega de limitar o Uniswap a Ethereum. Sim, nasceu ali, mas j\u00e1 \u00e9 um\u00a0<strong>megaecossistema global<\/strong>.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Em 2025, o\u00a0<strong>Uniswap \u00e9 <a href=\"https:\/\/www.ig.com\/es\/ideas-de-trading-y-noticias\/criptomonedas-al-alza--stellar--uniswap-y-ether-disparadas-250710#:~:text=Uniswap:%20m%C3%A1s%20liquidez%2C%20m%C3%A1s%20velocidad,stops%20garantizados%20y%20apalancamiento%20moderado.\">multichain<\/a><\/strong>\u00a0e com o\u00a0<strong>UniswapX<\/strong>\u00a0integra liquidez dentro e fora da blockchain, permitindo trocas em v\u00e1rias redes.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">O Uniswap tamb\u00e9m tem grande presen\u00e7a em\u00a0<strong>Arbitrum<\/strong>, solu\u00e7\u00e3o de escalabilidade do Ethereum, oferecendo taxas menores e confirma\u00e7\u00f5es r\u00e1pidas.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">E com a\u00a0<strong>liquidity aggregation<\/strong>, junta fontes on\/off-chain para oferecer\u00a0<strong>melhores pre\u00e7os<\/strong>\u00a0e\u00a0<strong>menos slippage<\/strong>.<\/p>\n<h3 id=\"concluso-vale-subir-no-unicrnio-ou-melhor-ficar-de\" class=\"mb-2 mt-4 text-base font-[475] first:mt-0 md:text-lg dark:font-[450] [hr+&amp;]:mt-4\"><span class=\"ez-toc-section\" id=\"vale_subir_no_unicornio_ou_melhor_ficar_de_fora\"><\/span>Vale subir no unic\u00f3rnio ou melhor ficar de fora?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Vou falar direto: em 2025 o Uniswap n\u00e3o \u00e9 para todo mundo. Se voc\u00ea sabe o que faz, pode ser seu melhor aliado em DeFi.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Use se tiver conhecimento b\u00e1sico de DeFi ou se puder perder o que investiu. Procura rendimentos maiores que bancos? N\u00e3o tem medo da volatilidade? Ent\u00e3o Uniswap pode ser para voc\u00ea.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Mas se \u00e9 novato, precisa do dinheiro para vida di\u00e1ria ou se estressa com -10%\u2026 melhor ir com calma ou ficar na poupan\u00e7a.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Isso \u00e9\u00a0<strong>DeFi selvagem<\/strong>: ou voc\u00ea tem\u00a0<strong>m\u00e3os de diamante<\/strong>, ou n\u00e3o entra no jogo. A\u00a0<strong>Uniswap V4<\/strong>\u00a0transformou a plataforma no\u00a0<strong>canivete su\u00ed\u00e7o do DeFi<\/strong>: mais eficiente, mais barato, personaliz\u00e1vel e poderoso. Mas continua sendo DeFi, onde voc\u00ea pode multiplicar grana ou perder tudo numa tarde s\u00f3.<\/p>\n<div id=\"gtx-trans\" style=\"position: absolute; left: 187px; top: 5078.78px;\">\n<div class=\"gtx-trans-icon\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 6<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>Uniswap explicado em 2025: funcionamento, evolu\u00e7\u00e3o, token UNI, pools de liquidez e impacto da V4.<\/p>\n","protected":false},"author":12,"featured_media":12560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[252],"tags":[],"class_list":["post-23655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-criptomoedas"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/23655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=23655"}],"version-history":[{"count":3,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/23655\/revisions"}],"predecessor-version":[{"id":24347,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/23655\/revisions\/24347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/12560"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=23655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=23655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=23655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}