How Does Uniswap Clone Script Works?

    • 93 posts
    February 8, 2022 1:55 AM EST

    The DEX platform built using Uniswap Clone has no order book, instead it works with a design called Automated Market Maker just like in Uniswap DEX. This Automated Market Maker are nothing but a smart contract built on Ethereum network that is mainly used to hold liquidity pools. Any user of the platform can become a liquidity contributor if ready to deposit the same value of two tokens on the liquidity pool. In exchange to this, every liquidity providers will get a “liquidity token” using which they can redeem the share they contributed in the pool. To know more about the functionalities of Uniswap Clone Script, get in touch with Security Tokenizer, a leading DeFi development company.