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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Say goodbye to front-running and sandwich attacks.

UniswapX returns surplus generated by MEV back to swappers via price improvements.

Dig into the whitepaper to learn more. ⤵️

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