Decentralized exchanges (DEXs) like Uniswap (UNI) have become pivotal in the crypto-financial ecosystem, transforming how digital assets are traded. By facilitating direct trades between users or through liquidity pools, DEXs eliminate the need for intermediaries. This comprehensive primer delves into Uniswap’s functionality and its groundbreaking Automated Market Making (AMM) mechanism.
Permissionless Trading
Uniswap is renowned as the largest DEX protocol, celebrated for its permissionless access and user-friendly interface.·
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