GK Question

technology hard mcq

Which DeFi protocol enables automated market making without order books?

  1. Uniswap
  2. Aave
  3. Compound
  4. MakerDAO

Answer: Uniswap

Uniswap uses automated market maker (AMM) model with liquidity pools instead of order books. Enables permissionless token trading with constant product formula.

Topic Digital Currencies: DeFi
Exam Relevance Banking, UPSC, SSC