Discover Gem Wallet’s integration of Uniswap Universal Router and Permit2 for a seamless crypto experience. This upgrade enhances security, reduces fees, and simplifies token management, making your interactions with DeFi smoother and more efficient.
What Is Uniswap
Uniswap is a decentralized exchange (DEX) built on Ethereum, enabling direct token swaps from your wallet. It operates through liquidity pools rather than traditional order books, allows users to earn fees by supplying liquidity, and is governed by its community via the UNI token.
Understanding Permit2
Permit2 is another innovative contract by Uniswap that revolutionizes token approvals:
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Universal Token Approvals: Permit2 allows users to manage token approvals across multiple smart contracts with a single permit, enhancing security and reducing the need for multiple approval transactions.
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Signature-Based Transfers: This feature allows for one-time token transfers without the need for traditional approvals, especially useful for tokens not supporting EIP-2612.
Why Gem Wallet Integrated These Features
At Gem Wallet, we believe the principles of permissionless access and decentralization. Our goal is to empower users with the freedom to manage their digital assets, allowing them to engage with cryptocurrencies whenever and wherever they choose.
What these Uniswap integrations means for you
- Save network fees: Saving you money on transaction fees.
- Easy Swaps: Handle complex trades effortlessly. Buy, sell, or trade crypto coins and tokens without extra steps with Gem.
- Increased Security: Protect against contract changes with secure, set rules.
- One-Time Approval: Approve tokens once with Permit2 and forget about it. Swap anytime without re-approvals, making trading smoother.
Supported networks that Gem Wallet users can swap now
Ethereum, Arbitrum, Optimism, Polygon, Base, BNB, Avalanche C-Chain, CELO, Blast, zksync, Zora, WorldChain.
Resources for developers
Conclusion
Now, you can enjoy a more secure, cost-effective way to manage your crypto assets, all while leveraging the power of Uniswap’s smart contracts. Dive into DeFi with confidence using Gem Wallet.
