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.


$30k- $1 million, passively: Update 3

6 hours ago 2 minute read 1 comment MadMaxx

Hi guys. Welcome to another update! First off, I figured out that giving daily updates would be a bit too much. You don't need to know every tiny 0.1% change in the portfolio. So I'd only be giving updates when something major happens. Like what happ...

"3 reasons why Ethereum price is still on track to top $2,000" My response

8 hours ago 1 minute read 0 comments Sebbe_727

I was reading an article from Cointelegraph that was named "3 reasons why Ethereum price is still on track to top $2,000". This is my response.Ethereum is excellent technology, by all means, the CEO Vitalik Buterin has achieved an excellent trophy by...

The Uniswap Vision

10 hours ago 1 minute read 0 comments Austin Reihl

The Uniswap protocol has a community-driven vision with its highly decentralized infrastructure and trustless nature. With the UNI-V2 platform thriving, the decentralized exchange (DEX) spearheaded by community-driven growth and development has creat...

Beware!!

11 hours ago 2 minute read 0 comments Godsplan

I had an experience recently and I want to share it with the whole world to be careful about it, and that’s altering crypto currency transaction fee to a very low value. This is because I tried setting my own transaction fee of very low value and my...

What will happen to BTC in 2021?

14 hours ago 2 minute read 1 comment Roberto D.

Even though Bitcoin's performance is starting to be more fluctuating than some bullish traders would have liked, the leading cryptocurrency still shows an increase of over a third in the last month, with peaks of over $ 42,000 and growth of around 30...

Connecting Uniswap to Trust Wallet

26 Jan 2021 1 minute read 4 comments Austin Reihl

Uniswap (UNI) is a protocol built on the Ethereum blockchain that allows users to swap ERC20 tokens without the use of an order book: by using an algorithmic equation, UNI is able to automatically determine the exchange-rate based on available liquid...

Harvest Finance: New Pools Galor!

26 Jan 2021 1 minute read 0 comments Cje95

Since Coinbase highlighted the yield farming place Compound I was drawn to the idea. I had an issue though as this was last fall and I was rather busy with work at that point in time. Because I could not spend the time needed to fully participate in...

Who Created Uniswap?

25 Jan 2021 1 minute read 0 comments Austin Reihl

Uniswap (UNI) is a decentralized protocol running on the Ethereum (ETH) blockchain. Through automated liquidity provision, Uniswap gives users the ability to swap ERC20 tokens seamlessly on-chain. In addition, Uniswap enables users to earn a percenta...

$30k to $1 million passively challenge: Update 2

25 Jan 2021 2 minute read 0 comments MadMaxx

Hey, and welcome to another update! First off, I apologize for this late update. I however had a lot on my plate, buy updating this has basically become a priority for me. If you're seeing this for the first time, basically all I'm trying to do is to...

How many people visited Uniswap in last 6 months?

24 Jan 2021 1 minute read 0 comments Suraz Bhattarai

The given below are the data related to Uniswap during last six months period. Total visit to Uniswap in last 6 month is around 3.71 million with average duration of 6 minutes and 49 seconds.  US rank at first for traffic sources with15.57% followe...