Latest Posts with Uniswap tag

Uniswap (UNI)

287 Articles 186 Followers

Uniswap Logo
uni
usd

UNI is the governance token behind Uniswap - a decentralized exchange that launched in November 2018. It created by Hayden Adams after being inspired by a post from Vitalik Buterin (Ethereum co-founder) suggesting for developers to create this kind of platform. 

The Uniswap Protocol, built on top of the Ethereum blockchain, allows users to easily swap between any ERC-20 token in a completely decentralized manner. This means that users have the option to easily trade Ethereum-based tokens directly from their own personal wallets without the need to give up custody of their funds throughout the entire process.

It can be described as an Automated Market Maker as it allows users to provide liquidity to the pools on Uniswap in order to allow the trades to be facilitated. As a result, the Liquidity Providers can gain commissions from the exchange fees when trades are conducted on their pools. Currently, the exchange fee is set to 0.4% per trade which is distributed amongst the liquidity providers. 

The protocol consists of two smart contracts on top of the Ethereum blockchain, the Factory contract, and the Exchange contract, that are both totally open-source - meaning anybody can take a look at the code and conduct their own review of it to make sure there are no bugs or ‘backdoors’. 

The UNI token, the governance token for the Uniswap Exchange, was air-dropped to users on September 17th, 2020. It was distributed to traders that had used the Uniswap exchange before September 2020 in batches of 400 UNI tokens without any announcement. 

One billion UNI were minted, 60% of which were distributed to Uniswap users. 21.51% was allocated for team members and future employees, 17.8% to investors, and the remaining 0.069% was allocated to advisors.

In this tag, you can discover UNI (UNI) news, price prediction, opinion, and analysis created by users.


Bitcoin flirts with its yearly high

7 hours ago 1 minute read 2 comments ircrp

  With uncertainty ahead of us in terms of the prolonging pandemic, the upcoming U.S. elections and some pending actions such as Mt Gox rehabilitation plan, the last weeks of price action of Bitcoin remains bullish. As of the time of writing the Bitc...

What is DeFi & How to earn on Yield Farming?

12 hours ago 8 minute read 4 comments Guarda Wallet

What is DeFi? DeFi or decentralized finance stand for financial applications and services that use smart contracts. DeFi is a decentralized, open-source, and trustless ecosystem of financial applications and services based on various blockchains. The...

Uniris is the Future of ID Authentication

13 hours ago 2 minute read 0 comments Bit Media Buzz

Touting the first blockchain-biometric technology that can secure and authorize a fully decentralized identity, the Uniris ID solution is taking on a colossal role in the area of identity and security. As a young startup that began in 2017, Uniris is...

Dash Rallies On A DeFi Bridge

17 hours ago 1 minute read 0 comments Rollerkid

Dash (DASH), one of the most widely adopted cryptocurrencies in the market, outperformed 98 largest coins by market capitalization today, rallying on a decentralized finance (DeFi)-related partnership news. At the time of writing (12:08 UTC), DASH is...

DEX Token defined

21 hours ago 7 minute read 2 comments Dave Sawyer

Hey cryptofans, we adore you.  And your kids and friends and parents, too!  Thanks for starting to try to separate church from state from money.  At first glance, DEXToken seemed to be another real head scratcher.   DEXtoken thinking popped up in 201...

Public Corda Blockchain Network Gets Its First Digital Currency.

23 hours ago 1 minute read 0 comments Rollerkid

The first Corda Network digital currency called XDC has been launched by Cordite Society Ltd, a UK-registered co-operative society leveraging the existing UK legal structure for mutual societies to operate a digital currency, and providing the first...

DeFi Traders Battle Is Coming; UNI Vs COMP

20 Oct 2020 1 minute read 0 comments Rollerkid

In honour of the upcoming listing of the new DeFi token COMP (Compound), we are announcing a massive trading battle of traders. Choose your side — UNI or COMP and get ready for the battle. Invite friends to your team, use the referral link, and earn...

Uniswap’s First Governance Proposal Fails

20 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

The voting period for Uniswap’s first governance proposal ended on October 19, with it failing to pass as the total number of votes failed to reach the quorum threshold. While the vast majority have voted in favor of the proposal, it has failed to r...

You can now supply UNI and COMP in Compound Protocol

19 Oct 2020 1 minute read 0 comments FrenchLegalAspect

Hey folks,   Just a little post to inform you that Compound recently added two new tokens to Compound. These are really recent tokens as it were released some month ago : UNI and COMP.   Now you can supply 10 differents token in Compound as SAI is n...

Presearch now on Uniswap!

19 Oct 2020 1 minute read 4 comments Presearch

The Presearch Community is excited to announce that Presearch PRE tokens are now available for purchase and sale on the largest decentralized crypto marketplace, Uniswap. Following the recent PRE token swap conducted to combat the KuCoin hack, the n...