UNISWAP - A CASE STUDY OF DECENTRALIZED EXCHANGES ON THE BLOCKCHAIN
DOI:
https://doi.org/10.17770/het2022.26.6950Keywords:
Uniswap, Decentralized exchange, DEX, AMM, Automated market maker, DeFi, Decentralized finance,Abstract
The paper takes a close look at an emerging industry - decentralized finance on the blockchain. The goal of this paper is to compare centralized order book (CLOB)-based exchanges to automated market maker (AMM)-based decentralized exchanges (DEX) and analyze the challenges that AMM-based DEXes are facing today using Uniswap as an example.Downloads
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