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.


OKX And UniSwap Team Up To Revolutionize Cryptocurrency Trading.

1 Mar 2024 3 minute read 0 comments CryptoEntrepreneurs

The world of cryptocurrencies is constantly evolving and offers new opportunities for investors and enthusiasts. However, it also presents some challenges, such as the high gas fees charged for transactions on the Ethereum network, which especially a...

Uniswap Labs Brings New Features like Extension, Limit Orders and Insights

28 Feb 2024 1 minute read 1 comment Novasky

Uniswap has been working on the new features for some time now. They are turning out to become one solution that fits for most of the Ethereum ecosystem actions. And it also means that the feature would be making it easier for the features to use wit...

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...

😎 21 Magic Cases Review (Phase III) - 100x in 18 hours to 190% return in 1 hour

15 Jan 2023 1 minute read 1 comment Candlestick

  Candlestick Smart 💰 21 Magic Cases Review (Phase III)   Quicktake Candlestick Degen Explorer & Smart Money Trades reveal live trades of Smart Money traders. Smart Meme Pro traders are Gem hunters with high profits. Cases: $O...

Uniswap outpaces competitors in Ethereum’s DEX ecosystem

12 Mar 2023 2 minute read 3 comments FKlivestolearn

As of early 2023, Uniswap remains the largest decentralized exchange in terms of trading volume and liquidity Although decentralized finance hasn’t been immune from the broader crypto market downturn in 2022, nonetheless, this sector has seen phenome...

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...

Top 4 DeFi Analysis: Uniswap, Chainlink, Wrapped Bitcoin & Aave

22 May 2021 1 minute read 0 comments Defiant Pathfinder

Hi i am back again and today i decided to analyze the top 4 Decentralized Finance token to see what is their current position and their future. I selected the top 4 ranked with market capitalization, so i am going to share my thoughts and you are wel...

Liberland Crypto Channel Episode 6 - SORA’s HASHI bridge, Uniswap

16 Jun 2024 1 minute read 0 comments Liberland TV

Running a physical nation state on chainProviding the framework to run blockchain and traditional businesses under Liberland law, within the jurisdiction of Liberland courts. Liberland Blockchainhttps://liberland.org/blockchainhttps://blockchain.lib...

Unpacking the Latest DEX Innovations: TWAMM and JIT

4 Apr 2024 4 minute read 1 comment Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $40/month you can upgrade to our FULL library of 60+ reports (including this one) and complete industry-leading ana...

Uniswap’s UNI Surges Over 15% as Whale Withdraws $1.96M from Binance

25 May 2024 1 minute read 0 comments Coinseek

In a week marked by consolidation across the cryptocurrency market, Uniswap’s native token, UNI, has defied the trend, surging over 15% and surpassing the $10 mark. This bullish run comes amid positive developments within the Ethereum ecosyst...