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.

Ampleforth ETH + AMPL: Zap into Liquidity Pool in 1 Click

25 Jul 2020 2 minute read 33 comments tomoyan

I know Ampleforth (AMPL) has been a hot topic for a while and last week AMPL took off and then came back down. So it had this typical "DeFi Moon" moment. I felt like I missed the train and it is too late to jump in so I never touched it because I th...

Aragon Liquidity Program Starts Today

22 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

On July 21, the Aragon (ANT) project announced that its ANT liquidity rewards program is live and will begin counting rewards from July 22 at 3 PM UTC, marking the project’s first step into liquidity rewards. Liquidity providers for the ANT-ETH pair...

Introducing ANT liquidity rewards

22 Jul 2020 2 minute read 6 comments Aragon-Official

We are thrilled to announce Aragon's first foray into ANT liquidity rewards. Following in the footsteps of other great DeFi projects such as Synthetix, that pioneered the concept of liquidity rewards, the Aragon Association has decided to launch our...

TrustSWAP Token Pumps over 10x: Just Another Pump and Dump? Or A Rising DeFi Star?

19 Jul 2020 1 minute read 12 comments Kevin_Asher_Eyanu

  When I first saw Jeff Kirdeikis post in his Cryptocurrency Investing group on Facebook about the TrustSwap token that he was involved in launching, I foolishly assumed it was just another pump and dump by a social media admin trying to take advanta...

Is ChangeNOW any different than Uniswap?

19 Jul 2020 3 minute read 2 comments AlgoRhythm

I was recently on a quest to buy Matic, but none of my usual exchanges offered it. After some searching, I came across Uniswap and was able to trade my Ethereum for Matic at a decent exchange rate. Everything went smoothly and I received my Matic wit...

My rookie mistake with Uniswap

15 Jul 2020 1 minute read 1 comment Tomatosoup

Uniswap is getting attention both as a simple way to swap funds from one EC20 token to another, and as a way to earn from crypto holdings by providing liquidity to the market.  Uniswap is a protocol running on Ethereum, it enables swaps without the n...

Switcheo Integrates Uniswap V2's Liquidity Reserves

15 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized exchange (DEX) Switcheo announced on July 15 that it had integrated Uniswap V2’s liquidity reserves. This brings additional liquidity to the platform, which had previously integrated liquidity from KyberSwap and Uniswap V1.  Uniswap V2...

Uniswap strengthens leadership among decentralized exchanges

13 Jul 2020 1 minute read 2 comments Kluma

Uniswap accounts for 37.20% of the weekly trading volume of non-custodian exchanges (DEX), the latest data from Dune Analytics indicate . According to The Block , the platform is a leader in the number of crypto assets listed (2810), while the closes...

Ampleforth Continues to Have the Largest Uniswap Liquidity Pool, Greater Than Ethereum

13 Jul 2020 1 minute read 0 comments Abhimanyu Krishnan

Ampleforth (AMPL) continues to have the largest liquidity pool on Uniswap V2 at $10.1 million in daily volume, putting it considerably ahead of other assets, including Ethereum (ETH) and Tether (USDT). Roughly 2.5 million AMPLs have been locked in on...

Most helpful site for Uniswap #DeFi

13 Jul 2020 1 minute read 4 comments bitcoindelight

I swapped lately a few coins on Uniswap and noticed that there is no good way to view the price history of specific trading pairs. Uniswap itself provides current price data in the GUI based on swaps that have been traded recently. So how can you tel...