How it works Uniswap(UNI) is a decentralized exchange protocol that allows users to exchange Ethereum tokens without the need for a centralized exchange. Uniswap uses automated market makers (AMMs) to facilitate trades, allowing users to trade tokens without the need for a middleman. When users want to exchange tokens, they can deposit both tokens into Uniswap and the protocol automatically calculates the exchange rate based on the amount of each token deposited. When the user submits the order, the protocol automatically executes the trade and the tokens are exchanged at the determined rate. Uniswap also provides liquidity to the market,Go to Source
Author: NixCoin