1. Introduction1.1. What is Uniswap?Uniswap is a decentralized exchange built on Ethereum, Ethereum’s L2s, and Celo. A decentralized application (dApp) is one that operates on a blockchain network using smart contracts. Though the exact criteria for decentralization is a philosophy-of-crypto question that this article does not aim to debate, dApps are usually autonomously-running, open-source, not owned by any individual entity, and able to be updated according to community consensus. A decen...

1. Introduction1.1. What is Uniswap?Uniswap is a decentralized exchange built on Ethereum, Ethereum’s L2s, and Celo. A decentralized application (dApp) is one that operates on a blockchain network using smart contracts. Though the exact criteria for decentralization is a philosophy-of-crypto question that this article does not aim to debate, dApps are usually autonomously-running, open-source, not owned by any individual entity, and able to be updated according to community consensus. A decen...