What is Terraswap?

Terraswap is an automated market maker (AMM) created by the Terra blockchain project. It refers to itself as "a decentralized protocol for seamless access to asset liquidity on Terra." The system allows users to exchange and swap native Terra and CW20 tokens (the CosmWasm token standard) directly from their Terra Station wallet using a web extension. All of Terra's fiat-based stablecoins, Mirror Protocol's synthetic mAssets, and other related Terra assets can be traded and exchanged on Terraswap.