Uniswap is the worlds most popular decentralized exchange where anyone can list a token or provide liquidity to the platform without registering or going through extensive identity verification. Uniswaps goal is to keep the product of these two trading pairs equal to 100 million at all times.
What Is Uniswap In Simple Words
Uniswap is clearly one of the most important and the most discussed projects in the defi space.
Uniswap explained. The key formula to keep in mind is x y k where x and y are the token quantities in the liquidity pool and k is the product. At its core uniswap is a protocol for decentralized exchange of tokens on the ethereum blockchain. The uniswap protocol is deployed as a set of smart contracts and its completely decentralized permissionless and censorship resistant.
Written in the vyper smart contract language uniswap is an open source automated liquidity protocol on ethereum that allows for easy trading and listing of erc20 tokens.
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