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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.
23 Jun 2022 5 minute read 3 comments Michael @ CryptoEQ
If you want more cryptocurrency analysis including full-length research reports, trading signals, and social media sentiment analysis, use the code "Publish0x" when subscribing to CryptoEQ.io to make your first month of CryptoEQ just $10! Or simply...
20 Jun 2020 2 minute read 4 comments carlkidcrypto
Hello all! Welcome, it's been quite some time since my last post. Today lets talk about something rather cool. I am sure most of you are aware that Uniswap recently upgraded to Version 2 of its protocol. With this great change came the ability to tra...
19 Apr 2020 3 minute read 5 comments CryptoNewbies
This is the new entry of a series of blog posts i will do, they will target new people on the cryptocurrency community. In this post i will talk about decentralized exchanges and will teach you how to use the one i find easier for new crypto users, U...
20 Sep 2020 1 minute read 2 comments alberdioni8406
This last days were epic on crypto sphere and many enthusiasts like me, who love decentralized platforms to exchange assets received a big pay check, that somehow helped a lot to compensate the "high fees we have been paying" to send or exchange toke...
21 Feb 2021 5 minute read 29 comments Godsplan
Hi everyone, I’m here again to spread some good news in the crypto market that maybe many of us might have not taken notice about. If we check generally, l can say the month of February had being a great month for bitcoin and its other alternative...
9 Aug 2020 1 minute read 0 comments MadMaxx
It's a pretty big deal what's going on right now. Ethereum is blasting through its yearly resistance levels, Uniswap is on fire for some reason, and anything that has DeFi or "oracle" in it's name pumps straight to Namek, no questions asked. So what...
9 Nov 2023 2 minute read 1 comment Candlestick
You won't believe how hard it is to calculate the address's profitability metrics correctly! We could pull out 5 pages of mistakes made by the other tools in the market - missing a lot of trades, unable to handle bad data at the index, traders aren...
29 Sep 2020 1 minute read 0 comments alberdioni8406
It's spectacular and amazing how this protocols can have so much people believing and support them all over the world, people trust automated market makers than traditional financial services and that can be proved with the value locked in those prot...
23 Sep 2020 3 minute read 2 comments LiteLiger
People who are fans of Liquidity mining - this article is made for you and me of course. A Collection of AMM websites across all chains and all the active/existing forks out there. If your site is missing drop an email to [email protected] bu...
17 Feb 2023 1 minute read 0 comments Ayman Crypto
Uniswap Cryptocurrency (UNI) is one of the most important coins, which has a high historical price of $ 45.000 in May 2021 then went into the grand bearish as most Cryptocurrencies did & fell to the low price of $ 3.330 in June 2022 (UNI) is tradi...
