Key Takeaways Uniswap, a DeFi protocol, was founded in 2018 by former mechanical engineer Hayden Adams. The Uniswap exchange functions as a 100% on-chain automated protocol market maker (AMM) on the Ethereum blockchain. The AMM allows DeFi users to swap ether (ETH) for any ERC-20 token without intermediaries, solving many liquidity problems most exchanges face. Uniswap’s
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