Thing ∙ ID: 11073
A decentralized exchange utilizing an automated market maker model to provide continuous liquidity. It implements a "constant product" formula. Originated by Hayden Adams in 2018, with V2 launched in August 2020. Known for flash swaps, protocol fees, wrapped Ether, and supporting ERC-20 token swaps. New York City-based, with access restrictions in 10 sanctioned countries. Charges a 0.3% transaction fee per swap, shared with liquidity providers. Not involving leverage or margin trading.