Latest Posts with Uniswap tag

Uniswap (UNI)

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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.


Do NOT Dollar Cost Average Into Fucking Altcoins

21 Jun 2021 3 minute read 14 comments AlucardLife

I can't stand when people blindly follow stupid quotes in trading without even knowing where they came from or what they mean. Fuckin everyone misquotes Warren Buffett thinking that you can blindly make money in the market by using "value investing"...

Liquidity Pools Explained

19 Jun 2021 1 minute read 4 comments Defiant Pathfinder

Liquidity Pool is when money is deposited and locked up in Pools for the sake of earning reward and these rewards come from trading fees that happen in that pool. How Does Liquidity Pools Work When investors have their crypto assets in the liquidity...

Pros & Cons of CEX & DEX

19 Jun 2021 1 minute read 3 comments Defiant Pathfinder

Centralized Crypto Exchanges has been in existence for so long and the competition has been stiff. Now they are facing a huge competition from their competitors. What could be the Highest threats being faced by CEX? Centralized Exchanges are facing a...

Explore: Tracking Uniswap and other Decentralized exchange offerings

19 Jun 2021 3 minute read 6 comments ChildOfTheMany

Trading Uniswap coins can be risky business if you do not know what you are doing. There are a lot of factors that go into buying a coin for profits, or for making an investment on a decentralized exchange like Uniswap, Sushiswap, Pancakeswap, etc. C...

What are Decentralized Exchanges & How do they Operate

18 Jun 2021 1 minute read 0 comments Defiant Pathfinder

Decentralized Exchanges (DEX) are crypto currency exchange platforms that facilitate exchanging between clients where each client has control over his own crypto assets. How Do they operate? Since they are decentralized and do not store crypto assets...

Bears still tightening the grip on Aave & Uniswap

16 Jun 2021 1 minute read 5 comments Defiant Pathfinder

Recently the crypto market has been showing some bullish signs and we saw Bitcoin trading above $40.000 and the other altcoins responded but now from the previous day the global market capitalization is down -2.77%. Aave Aave is trading on the area w...

1inch from victory

14 Jun 2021 4 minute read 4 comments Storytime Crypto

The pungent odor of old whiskey and fresh piss drifted past me as I walked further down the alley way.  I stopped a moment to check the GPS on my phone.  "Well," I thought to myself, "It's supposed to be right here.  Shit."  I didn't see any signs th...

Impermanent Loss Liquidity Pools Explained and How to cope with it

13 Jun 2021 1 minute read 9 comments Defiant Pathfinder

DeFi and Yield Farming are getting popular each and every day as investor are depositing their tokens into liquidity pools so that they can get as many tokens as they can. There is what called impermanent loss and most investors do not pay attention...

Deposting your UNIV3 & WETH in liquidity pools with Harvest Finance

13 Jun 2021 1 minute read 6 comments Defiant Pathfinder

Lately i have been going through Harvest Finance trying to see the other yield staking options being offered there and the APY's they have. The staking options being offered are lucrative. I chose 2 which i want to share with you but first lets see t...

Decentralized Exchange For Absolute Beginner: What is Dex & How Does It Work?

13 Jun 2021 8 minute read 4 comments CryptoWise

  I feel: “ The freedom to trade on the decentralized network will give a really powerful tools into the hands of humanity to set them free from the failing & ailing financial system, which has devalued our fiat currency so much so that it has lost...