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.


Top 13 DeFi Projects That Actually Have Revenue in 2020

9 Nov 2020 5 minute read 22 comments D3F1

With Bitcoin booming toward $16,000, some people say that the prime time of DeFi is over. All that has changed is that Bitcoin has taken the spotlight, leaving not much space for DeFi. Lots of DeFi Dapps are still running smoothly, and a large group...

Uniswap V3 Coming? Possibly Layer 2 Solution Ready? Bullish...

20 Sep 2020 1 minute read 19 comments LiteLiger

UniSwap V3 Coming? Possibly Layer 2 Solution Ready?  After the $UNI stimulus people have been talking constantly about Uniswap and how it has basically grown so much in the past months. Well one point people aren't discussing or mentioning is the fa...

Launching fUNI. Uniswap on Fantom

15 Nov 2020 3 minute read 4 comments Fantom Foundation

The wait is over! We successfully deployed fUNI on Fantom, both as a standalone application at fUNI.exchange and integrated within the Fantom Wallet.   What is fUNI? fUNI is a Uniswap clone deployed on Fantom. Here are the advantages of launching Uni...

Coinbase - LRC/UNI Support & Celo on Earn

3 Oct 2020 4 minute read 38 comments Thomas Wolf

I am pleased to find that Coinbase has launched Loopring (LRC) support in my absence, along with Uniswap (UNI) and a few others.This is an exciting development for me because I understand Coinbase's ERC-20 support and you can send LRC directly to you...

Making Your Earnings, Earn (with Celsius)

29 Oct 2020 6 minute read 35 comments Mynima

Introduction If you read my posts regularly you know I'm always a fan of finding ways for my crypto-portfolio to do a lot of the passive earning for me. I've not the best track record with trading so I'm very much a hodler, but that doesn't mean the...

5 Ways to Get NOW Tokens

5 Dec 2020 3 minute read 2 comments ChangeNOW

Originally published in the ChangeNOW blogIn today’s cryptocurrency market, everybody is trying to beef up their crypto holdings. Actually, there are five ways to do so if you are interested in getting some NOW tokens. Four of them imply using the pl...

Top Things You Should Know About Uniswap (UNI)

1 Oct 2020 9 minute read 15 comments MuyAsk

Hey guys :) I’m back with another comprehensive Q&A piece, this time for the popular decentralized on-chain token swap protocol – Uniswap (UNI). Uniswap is a decentralized protocol for automated liquidity provision on Ethereum. It enables users to se...

How To Earn UNI On Uniswap

16 Oct 2020 5 minute read 14 comments Guarda Wallet

What Is Uniswap? Uniswap is a kind of a decentralized protocol for automatic liquidity based on Ethereum. Frankly speaking, Uniswap allows you to automatically sell and buy ERC-20 tokens relying on its ability to change the value of tokens. Why Shoul...

What is Uniswap

6 Jul 2020 8 minute read 10 comments D3F1

Uniswap describes itself as an “Automated Liquidity Protocol” on its homepage. Put simply, it is a decentralized exchange protocol that allows users to swap ERC20 tokens in a trustless manner or add liquidity to the protocol reserves to earn a commi...

Uniswap - Earn Crypto On Your Crypto

1 Oct 2020 1 minute read 12 comments cryptoforcanadians

I might be a bit late to the party with this post but better late than never.  But that's fine though because I'm sure there are still people out there who don't know what Uniswap is or who haven't even heard of it before. If you're one of those peop...