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Uniswap (UNI)

642 Articles 53,815 Followers

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.


Watch Out! Crypto Whales Are Swimming in Ethereum (ETH) Waters

15 Mar 2022 1 minute read 5 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...

SUSHI: A Bentobox of DeFi Applications with a Controversial Launch

14 Jan 2022 5 minute read 3 comments 2sats

*obligatory not financial advice*   What is Sushiswap? Sushiswap started as a fork of the Uniswap DEX. The only difference was that it had its own token before Uniswap did and this governance token let its holders earn a part of the trading fees. The...

Only Unicorns have what it takes to play in Uniswap land

2 Jan 2022 3 minute read 4 comments JonathanStanley

There's a 97.3% chance that providing liquidity on Uniswap would cause you lose money.  Here's why: If we take the estimated 11M Ethereum addresses with balances > 0.01 ETH and compare it to the 290k with balances over 10.0 ETH, we see that only 2.7%...

What you need to know about "impermanent loss"

19 Oct 2021 4 minute read 11 comments qsyal

Introduction: If you have done anything in Defi, then you certainly have heard of the latest and greatest versions of decentralized exchanges protocols or what are called DEXs. Yes, it would not be exaggerating to say that the likes of Uniswap, Panca...

NFTs to Gift: Thoughts on 2021--the Year of the NFT

21 Dec 2021 3 minute read 4 comments Rekt

     For those of us who've been in the blockchain space for years, it's important now that the eye of the world are on NFTs proceed with our NFT-facing projects the right way. That means asking what our end goals are. They should be to uplift the b...

How Many People ACTUALLY Use Uniswap (UNI) Right Now??

27 Jun 2022 2 minute read 2 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...

JPMorgan Chase CLOSES Uniswap Founders Bank Account WITHOUT Notice!

26 Jan 2022 3 minute read 5 comments Cje95

Last Sunday Uniswap Founder Hayden Adams tweeted out to the world something that was pretty shocking and equally concerning. His personal bank accounts at JPMorgan Chase were closed without any prior warning. Now I will say that if a bank is independ...

What is a DAO in Crypto?

7 Jun 2022 3 minute read 2 comments GetBlock

The ‘DAO’ is a concept based on blockchain technology, which eliminates the need for a central governing authority. Recently, DAOs have been getting quite a lot of attention from developers. Let’s try to explain what having a DAO means in the crypto...

LINK, FTM, DOT, Aave and UNI | Chart Analysis | Going Sideways | 13 MAR

13 Mar 2022 1 minute read 2 comments Joao16

For more content like this tip me if you can! thank u :)     DOT Analysis DOT is holding very nicely on the 16$ support but is at the same time getting a good resistence, because of that and because BTC is also goind sideways i would say this month i...

🏆 Top dApps by Active Users in May

25 May 2022 1 minute read 1 comment Dapp.com

  Unlike vol rankings (Ethereum & BNB chain dapps dominate), top dApps ranked by active users are from different blockchains.   TRON Network Zethyr Exchange leading with 5.9M monthly active users Tron dapps ranking   BinanceSmartChain - PancakeSwap...