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.

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%...

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...

SUSHI: A Bentobox of DeFi Applications with a Controversial Launch

14 Jan 2022 5 minute read 2 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...

Uniswap UNI: The Decentralized Exchange and its Automated Market Maker

12 Jan 2022 4 minute read 1 comment 2sats

*obligatory not financial advice*   What is Uniswap? Uniswap was one of the first few decentralized exchanges on the Ethereum blockchain. It doesn't use an order-book system to match buy and sell orders but instead uses provided liquidity to offer in...

Defi Review #1: Uniswap The Market Maker

21 Dec 2021 2 minute read 0 comments xuanling11

Uniswap is a decentralized finance protocol for decentralized cryptocurrencies exchange. It makes automatical exchange viable without third-party interference. It operates as its own market and provides services without any human interference besides...

Working and Investing in DAO explained. How to earn from DAO and opportunities in DAO.

14 Jan 2022 3 minute read 0 comments cybercrypto

DAO has been slowly growing in the market but still, it hasn't reached its full potential. Also, it didn't boom like NFT' had. People still understand it and slowly it's reaching the audience.   DAO explanation DAO stands for Decentralised Autonomou...

The biggest DEX in Ethereum, Uniswap, launches in Polygon Network

29 Dec 2021 2 minute read 0 comments Greenchic

Image Source  Uniswap was one of the early DEXs to emerge in the Blockchain sphere Big Grand news for Polygon is that Uniswap, the No.#1 Defi application in layer 1 Ethereum would launch on the Polygon network. This news, got me thinking of the earl...

🌊 What’s The Best Way to Provide Liquidity in Uniswap V3?

17 Jan 2022 4 minute read 0 comments Stuart Hollinger

Providing value into different currencies and then placing those currencies into a liquidity pool for users to trade and swap with has become quite mainstream… And I don’t think it’s going to be...

$FARM vs $IFARM, Pros and Cons

30 Aug 2021 1 minute read 21 comments 3NiGMa

Greetings budding cryptoheads! In this new and exciting blog, I will be covering the pros and cons, the ups and downs, the negatives and positives of every decision you make in the crypto space. Let's dive right in! Harvest Finance - What is it and w...

Using Uniswap is it worth the risk as not a high roller.

14 Dec 2021 1 minute read 0 comments MLopez

Dear reader, welcome to my first post on Publish0x please feel free to leave a comment, like or dislike (with some feedback ;). Is it worth the risk and time to use Uniswap with a small amount?Lets find out. But first of all: What is Uniswap Uniswap...