Latest Posts with Uniswap tag

Uniswap (UNI)

361 Articles 416 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.


Understanding Uniswap: A Guide

3 hours ago 3 minute read 0 comments Zild

DeFi projects — projects and protocols for decentralized finance — became one of the most popular trends in the cryptocurrency industry, which changed the ICO era. The basis of the DeFi concept is a decentralized opportunity for exchange, investment...

Unleashing The Potentials of DeFi: UniLend vs Uniswap

10 hours ago 4 minute read 0 comments Immanuel Somto

  The World is getting more decentralized by the day, from economies seeking decentralization to companies embracing this system of governance. The perks of decentralization are out of this world and they can be seen in Decentralized Finance projects...

BAEPAY — The First Real Reward Token

11 hours ago 3 minute read 0 comments Art

  BAEPAY ecosystem The BAEPAY token is a governance, rewards and in game currency token, it does not and will not function as a security stock or any other financial device. Abstract At time of writing this we are in a moment of an extreme crypto bo...

AMPL Geyser -- 3 New Geysers Announced

13 hours ago 2 minute read 1 comment Ampleforth

The newest round of AMPL Geysers will be launched next week! AMPL Geysers are important components of the liquidity pillar for the elastic finance long term roadmap, and fulfill the ten year vision to provide widespread liquidity mining rewards to th...

The Risks of Impermanent Loss in Liquidity Pools

21 Nov 2020 3 minute read 2 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

Have you ever provided liquidity in a pool to realize that some of your coins have disappeared?In times of high market volatility, the supply of tokens in a liquidity pool can lead to losses (compared to a buy & hold strategy; all this thanks to slip...

Beware of fake Uniswap applications

21 Nov 2020 1 minute read 1 comment ircrp

  With the recent uptake and hype around cryptocurrencies, a similar trend is being observed with crypto related scams increasingly advancing its techniques and being more clever at catching both new and intermediate users off guards. The recent repo...

Argentina update - 30 Bitcoins traded last week

21 Nov 2020 1 minute read 5 comments Permabull

Checking last week's statistics, 30 BTC were traded in Argentina on LocalBitcoins. The figure is a bit down from one week ago - 35 Bitcoins. 30 BTC is about 70,000,000 Argentine Pesos. One Bitcoin (BTC) is currently about 3,000,000 Pesos - at LocalB...

Flash Loan Attacks: What are They?

21 Nov 2020 3 minute read 2 comments Cje95

Throughout the year we have seen the DeFi crazy explode but with them, a new phenomenon also began to appear. This new phenomenon was Flash loan attacks on different lending platforms. When I first read about it I was not that big in the whole lendin...

Banks now agree that Bitcoin is a better investment than Gold | Crypto Corner Video Podcast ep.108

20 Nov 2020 1 minute read 2 comments busyjordy

CRYPTO CORNER EPISODE 108 ►The Markets Today►Bitcoin Chart Analysis►Deutsche Bank admits investors prefer Bitcoin over Gold►Holland imposes new restrictions on crypto investors►Ethereum 2.0 may be delayed►Uniswap suffers huge drop in volume►My YouTub...

Unibright AMA with LunarCrush

20 Nov 2020 1 minute read 1 comment Dan

This week Ruud Huisman and Jack Wiering took part in an AMA with LunarCrush live on YouTube.   Check out the video below:       And of course, don't forget to keep an eye out for further announcements on the Baseline Protocol showcase with Unibrigh...