Uniswap is an Automated Market Maker (AMM). It allows users to swap any ERC20 token, using the liquidity pool instead of the order book.
Uniswap is a 100% decentralised and permissionless protocol, operating on the following formula: x*y=k (called “constant product”). &nbsp;&nbsp;
TLDR: V3 update combines both decentralised market maker model with centralised limit order books. &nbsp;&nbsp;
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EP 50: $FEI, What Went Wrong? An Economics Explanation

We talk about the design of economic systems. This could be video game simulated economy or real business world like frequent flyer points system or blockchain based token economy.

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