UniSwap decentralized exchange

UniSwap is a decentralized exchange which allows anyone to trade cryptocurrencies directly from their wallet.

Liquidity providers lock a 50/50 ratio of the pair being traded into a smart contract, and buyers/sellers trade on this pair. The liquidity providers are paid a a liquidity fee on every trade.

This page gives a better overview

I have two questions:

  • is it permissible to buy/sell on uniswap as we pay a liquidity fee?
  • is it permissible to become a liquidity provider and earn passive income via the liquidity fee?

Hi Sal ,

I am also looking into projects that are halal or not , would you like to be friends ?
if so you can you add me on discord Lookie#2016

Assalaamu alaykum,

We do not review individual coins. I would recommend you read the following research paper to get a better understanding

Walaykum asalam

Thank you for your reply.

I am not asking about a coin but two particular types of transactions on a decentralized exchange. I don’t know if this is something you would consider answering.

Assalaamu alaykum,

Kindly read my research on this type of decentralised exchange:

Wa alaykum Asalam

Thank you Mufti