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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DeFi rails could reduce remittance costs by as much as 80%

We teamed up with @circle to explore how onchain international money transfers might be a safer and cheaper alternative

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DeFi rails could reduce remittance costs by as much as 80%.