Uniswap (UNI)

723 Articles 82,803 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.


5 Crypto Trends To Watch In 2024

9 Dec 2023 1 minute read 16 comments Cyfab

I recently watched an awesome AMA with Stef Wynendaele, VP of Market-Making at Keyrock, a leading liquidity provider in the crypto space. During the AMA, Stef shared some cool insights into the latest trends shaping the future of crypto. Here's a run...

Top 5 Exchange-Based Coins And Tokens by Market Cap

7 Jul 2024 3 minute read 6 comments Cryptonator`s

The cryptocurrency landscape constantly evolves, with exchange-based coins and tokens playing a central role. Those tokens can be from Centralized Exchanges as well as from Decentralized Exchanges. Typically these kinds of tokens are issued by crypto...

Is Blockchain still secure after uniswap, Aave and compound dapps were hacked

16 Dec 2023 2 minute read 10 comments Ticktalker

The security of blockchain technology has always been a big hype for most people. It has been a thing of great contention and many people have come to believe that this technology is 100% hack proof but how true is that ? In the two decades of the r...

Distinguishing Great Market Makers from Good Ones: The Key to Selecting a Great Crypto Exchange

10 Dec 2023 1 minute read 9 comments Cyfab

I recently read an article on how to distinguish great market makers from good ones, which highlighted the importance of understanding market makers in the selection of a cryptocurrency exchange. Understanding Market Makers: The Pillars of Liquidity...

DeFi 102: The Role of Liquidity and Liquidity Pools in DeFi

6 Feb 2024 4 minute read 0 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

Breaking Crypto News: MetaMask, Rain Hack, Tether & Uniswap

17 May 2024 6 minute read 6 comments StealthEX

Welcome to our latest weekly crypto roundup, brought to you by StealthEX and CryptoDaily! In this edition, we’re spotlighting the biggest and most exciting news in the crypto world. Eager to learn about the news that’s making waves in the digital ass...

Governance Tokens: Risks and Benefits

31 Oct 2023 6 minute read 2 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

STYLE Protocol building to empower Gamers Closes $2.5M Seed and Lists Token on Major Exchanges

6 May 2024 3 minute read 1 comment Publish0x PRs

$STYLE now available on Bitget, MEXC and Uniswap Token allows owners to transform NFTs into assets used in any game Protocol builds on Polkadot for true interoperability and scalability   MAY 6, 2024 — Switzerland STYLE Protocol, which transforms...

Crypto Weekly Recap: Uniswap Served Wells Notice; SBF Appeals Judgement; 1inch Launches Debit Card; and More (April 7-13, 2024)

14 Apr 2024 4 minute read 0 comments MelegaSwap

Guess what? In just 10 days, Bitcoin ($BTC) is about to go through a big change called halving. It's currently trading at around $63,000, and some analysts are predicting a huge surge in price after the halving. They're saying it could go up by over...

DeFi 103: Intents and the Future of DEXs

14 Dec 2023 4 minute read 3 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...