Uniswap is a decentralized exchange protocol built on Ethereum. To be more precise, it is an automated liquidity protocol. There is no order book or any centralized party required to make trades. Uniswap is an open-source software. It was built by Hayden Adams in 2018.
Uniswap works on a simple mathematical equation, x * y = k. The idea behind this equation is that ‘k’ must remain constant. Okay, But how does a simple mathematical equation fuels one of the biggest DeFi platform? Check out the video to know more about it.
Uniswap Github: https://github.com/Uniswap
Uniswap Docs: https://uniswap.org/docs/v2/protocol-overview/how-uniswap-works/