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.

The Uniswap Court Victory And Its Case For Crypto

5 Sep 2023 3 minute read 0 comments 0xVince

The Uniswap DEX (Decentralized Exchange) was found not liable for crypto scams on their platform. A class action lawsuit was filed by a group of investors against the DEX after losing money on tokens purchased. On Tuesday, August 29, 2023, Judge Kath...

Testify for August LOVE to the Publish0x!!! crash n burn face plant we miss you Watch Army!!!

4 Sep 2023 1 minute read 9 comments Dave Sawyer

Mighty Watch Army,  we miss our rides!! May have had a breakthru and can come BAAAAACCCCCCKKKKKK!!!    Oh man cryptonauts we miss our love thang.  Paying the rent writing has been a blessing but we folded like a cheap suit trying to keep up with our...

5 things I learnt about Uniswap

3 Sep 2023 1 minute read 0 comments cryotosensei

5 things I learnt about Uniswap • ⁠Uniswap is the world’s largest decentralised exchange. People use it to buy coins that are not available on CEXes yet. • ⁠It’s the OG. It developed smart contracts (v2 and v3) and interfaces and got them audited and...

Bitcoin and Ethereum as "Commodities": Classifies US Court in Uniswap Lawsuit

31 Aug 2023 2 minute read 1 comment Coins Reporter

In a significant development for the crypto industry, a New York court has officially recognized both Ethereum (ETH) and Bitcoin (BTC) as commodities. The court's ruling came as part of dismissing a proposed class-action lawsuit against decentralized...

🦄 UNI: 💎 The Diamond Standard in the World of Decentralized Finance 🌍💸

18 Aug 2023 2 minute read 0 comments DeFi Inquisitor

Uniswap, represented by its native token UNI, has emerged as a key player in the decentralized finance (DeFi) sector. Its role is akin to that of a diamond in the world of precious stones — just as a diamond is the hardest known substance and often f...

Dex223 is a new decentralized exchange that will be deployed on Ethereum chain

16 Aug 2023 3 minute read 0 comments SkyPirl Official

Dexaran   DEX223 Explanation Following the announcement of Dex223 announcement I would like to address the questions that may arise in the community. Dex223: description & goals Dex223 is a new decentralized exchange that will be deployed on Ethereum...

Uniswap (UNI) Evolution: AMMs, Concentrated Liquidity, and Hooks

8 Aug 2023 4 minute read 1 comment Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

Uniswap blocks HEX trades after SEC announcement

4 Aug 2023 1 minute read 2 comments Kovichni

Ahh good old Hex is in the headlines again. Last year I almost wrote a piece on their Nascar debacle which seriously gave me some good laughs. It was a publicity stunt of I think the Hex community or influencers or something, who decided to pool half...

Make the Switch: Complete Step by Step Guide To Convert Spot and Ampleforth

24 Jul 2023 2 minute read 4 comments bitbucket

You will need around $10 –15 worth of ETH for paying gas fees and completely bridging both your SPOT and Ampleforth. I will completely explain how someone like me, or you can swap ERC Token obtained from Publish0x or from centralized exchanges, and t...

UniswapX: Removing Pools and Bridges?!?!?!

23 Jul 2023 3 minute read 0 comments bengy

Unsplash     Unsplash   Holy Moly... I just listened to a podcast that introduced the UniSwapX Protocol that I think was announced recently at EthCC, and it is quite a huge technical leap forward for Ethereum (and by extension other chains wh...