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.


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...

Uniswap with Most Defi Users, ConsenSys Report Shows

3 Jul 2020 1 minute read 13 comments Abhimanyu Krishnan

A new report published by blockchain software company ConsenSys shows that the Uniswap protocol continues to have the largest number of users, followed by the Kyber Network (KNC) protocol. The two protocols also had the greatest number of shared user...

Ampleforth Launches Geyser Yield Farming

25 Jun 2020 1 minute read 0 comments Abhimanyu Krishnan

Ampleforth (AMPL), a project which is building “synthetic commodity money”, on June 23 revealed that it has launched its liquidity incentive program on the Uniswap exchange. Called Ampleforth Geyser, the program was first announced in April 2020. Us...

VG’s Brief Overview — Proof of Liquidity

22 Jun 2020 3 minute read 0 comments virtugrana

Note: This article aims to contribute informative content for you. I present this, based on my opinion. I am not responsible for your gains or losses. When you finish reading, do your study, and invest at your risk. Projects with high risk, beware! T...

Do you have a lot of XYO tokens?

20 Jun 2020 2 minute read 3 comments CarlKid

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...

2 months into my cryptocurrency experience.

13 Jun 2020 1 minute read 0 comments Iwasntexpectingthispressure

Anons first Crypto. Post #6 I've been investigating cryptocurrency and the decentralized web since the start of May 2020. This blog is an avenue of documentation and expression of my experience. So far I've bought into some pretty silly tokens, alt s...

How to swap your 1UP on Uniswap.exchange: Few things you need to learn before!

20 May 2020 1 minute read 0 comments alberdioni8406

Uniswap version (2) is live on Ethereum mainnet and with new layout and functions which gives the user a soft browsing and pleasure to interact with the platform. Uniswap is a smart to  smart contract exchange complete decentralized which allow any u...

Uniswap v2 launched

19 May 2020 1 minute read 1 comment favicon

Uniswap launched the long anticipated version 2, and it comes with some neat features. The whole announcement is here, I just want to highlight the feature I like the most. Low risk, impermanent loss liquidity provision. You can now provide liquidi...

Uniswap V2 is live

18 May 2020 1 minute read 1 comment TigerTn

According to Hayden Adams in Uniswap V2 launch blogpost, Uniswap V2 has been deployed to the Ethereum mainnet. What is Uniswap? Uniswap is a decentralized Ethereum based exchange that allows you to do ERC20 swaps,  ERC20 to ETH swaps and ETH to ERC20...

Earn up to 150% APR with Uniswap - really.

9 May 2020 3 minute read 0 comments peterurb

How it is working? Uniswap is a decentralised exchange (DEX) which runs on Ethereum and uses liquidity pools. People have to add liquidity (deposit coins) to Uniswap pool (half of ETH and half of some token) and he will get Uniswap pool tokens (UNI-V...