Crypto Exchanges
By Steven Anderson
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Uniswap (UNI) is the most important and widely discussed project in the DeFi space. Uniswap is a protocol for the decentralized exchange of tokens on the Ethereum Blockchain.
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Uniswap is built on the concept of Liquidity Pools and Automated Market Makers or to be precise a constant product market maker.
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The initial version of Uniswap was published to the Ethereum Mainnet on November 02, 2018. This was a culmination of over a year’s worth of work by its creator Hayden Adams.
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The initial idea of implementing an automated market maker came from Hayden’s friend, Karl Floersch, who was impressed by one of Vitalik Buterin’s blog post, which described…
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While working on optimizing smart contracts and preparing for a potential mainnet launch, Hayden applied for an Ethereum Foundation grant which was later accepted in July 2018.
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On top of that a full formal verification, was also underway. Before fully launching the protocol Hayden decided to rebuild the user interface for better user experience.
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In May 2020, UniSwap launched UniawapV2 a second version of the protocol. The main feature was the addition of the ERC-20-ERC-20 liquidity pools.
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