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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Manually setting slippage can be risky

Set too low and your swap can fail — set too high and your swap is at risk to MEV

Research shows Uniswap's auto-slippage feature led to a 90% reduction in losses on swaps

Dive into the paper ⤵️

https://t.co/TXDvPy1X8P

Manually setting slippage can be risky. Set too low and your swap can fail — set too high and your swap is at risk to MEV.