Uniswap is an open source decentralized exchange protocol built on the Ethereum blockchain and operating under the management of smart contracts. Uniswap leaves behind the traditional architecture of the digital exchange, since there is no order book. The protocol works with the design of Constant Product Market Maker, which is a variant of the model called Automated Market Maker (AMM).

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U.S. Court Calls ETH a Commodity While Tossing Investor Suit Against Uniswap

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A New York judge classified $ETH a commodity, while dismissing a proposed class action suit looking to hold DeFi platform @Uniswap liable for losses from "scam tokens" issued on the protocol. @iamsandali reports