IntroductionThe Uniswap protocol was launched on November 2, 2018 to test the effectiveness of Automated Market Makers (AMMs). Since then, hundreds of Decentralized Exchanges (DEXs) have built upon the original founding concepts that made early DEXs so great. The theories that the Uniswap AMM makes use of are found all over the Decentralized Finance (DeFi) ecosystem. Understanding how tokens are accurately and safely swapped between users is of utmost importance whether you are designing a ne...

IntroductionThe Uniswap protocol was launched on November 2, 2018 to test the effectiveness of Automated Market Makers (AMMs). Since then, hundreds of Decentralized Exchanges (DEXs) have built upon the original founding concepts that made early DEXs so great. The theories that the Uniswap AMM makes use of are found all over the Decentralized Finance (DeFi) ecosystem. Understanding how tokens are accurately and safely swapped between users is of utmost importance whether you are designing a ne...