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A “swap” style smart contract is one that can facilitate a simple way to trade one token for another. For most use cases, this is a single operation after an approval; however sometimes there are multi-hop swaps that require a sequence of swaps between pools. Swap contracts are not always standalone and are sometimes built into the Router and/or Liquidity Pool contract as well.

Note: These are non-technical definitions meant for a general audience and should not be used as legal definition
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