Uniswap

Automated Decentralized Market Maker

Trust / `Trustless`

While trustless is defined by Merriam Webster as “not deserving of trust,” in the blockchain space it means something entirely different.
Trustlessness in the blockchain industry simply means you do not need to place your sole trust in any one stranger, institution, or other third party in order for a network or payment system to function.
Trustless systems work and achieve consensus mainly through the code, asymmetric cryptography, and protocols of the blockchain network itself.
The trustless environments that blockchains have created enable the peer-to-peer (P2P) sending and receiving of transactions, smart contract agreements, and more.

The Uniswap Protocol is an open-source protocol for providing liquidity and trading ERC20 tokens on the Ethereum ecosystem.
NOTE: Our Token PolySky is an ERC20 Token.
It eliminates trusted intermediaries and unnecessary forms of rent extraction, allowing for safe, accessible, and efficient exchange activity.
The protocol is non-upgradable and designed to be censorship resistant.

Uniswap is an automated market maker.
In practical terms, it is a collection of smart contracts that define a standard way to create liquidity pools, provide liquidity, and swap assets.
Each liquidity pool contains two assets.
The pools keep track of aggregate liquidity reserves and the pre-defined pricing strategies set by liquidity providers.
Reserves and prices are updated automatically every time someone trades.
There is no central order book, no third-party custody, and no private order matching engine.
VERY UNIQUE TRUSTLESS FEATURE: Because reserves are automatically rebalanced after each trade, a Uniswap pool can always be used to buy or sell a token.
i.e. in other words...unlike traditional exchanges, traders do not need to match with individual counterparties to complete a trade.