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.


YAM broken - error in rebase?

13 Aug 2020 1 minute read 5 comments bitcoindelight

If one of the most important figures in the DeFi space makes an announcement...people should listen. By far, I don't feel qualified talking about YFI, YFFI or YAM. But from what I know, the recent high gas prices and price movements for some tokens a...

Trading at Uniswap is Getting More Expensive as Ethereum Gas Fees Keep Rising

12 Aug 2020 1 minute read 1 comment Abhimanyu Krishnan

Larry Cermak, Director of Research at the Block, tweeted on August 12 about rising gas prices on the Uniswap exchange are reaching the point where it would be unfeasible for most retail investors Gas prices began climbing on August 12, according to...

Tradingview for Uniswap

11 Aug 2020 1 minute read 8 comments bitcoindelight

I already published two sites that I find really useful when it comes to swapping ERC-20 tokens on Uniswap. After I published my post yesterday, someone contacted me on Twitter and shared another very useful site with me. He doesn't want his name pub...

Automated maker Dex exchange Uniswap added nearly 58,000 users in July.

11 Aug 2020 1 minute read 0 comments alberdioni8406

It's one more record to this DEX protocol, after being the most used exchange which gathered more than 40% of the total transactions volumes on July, helping the Decentralized exchanges to secure more than $4 B in trading negotiations, the Uniswap au...

How to use Uniswap

10 Aug 2020 2 minute read 2 comments Ruma

Uniswap has provided a much-needed boost to Decentralized Exchanges (DEX). The entire cryptocurrency trading ecosystem was ruled by Centralized Exchanges many of which provided high liquidity and excellent Fiat on and Off-Ramp. Well, the introduction...

Watch this site before trading on Uniswap!

10 Aug 2020 1 minute read 5 comments bitcoindelight

I recently mentioned that I was swapping a few different ERC-20 tokens on Uniswap. If you have been on Uniswap there is not much information about the trading pair you try to swap.  I was somehow lucky to find a site that reveals a bit more informati...

The DeFi and Uniswap craze: What it means for ETH.

9 Aug 2020 1 minute read 0 comments MadMaxx

It's a pretty big deal what's going on right now. Ethereum is blasting through its yearly resistance levels, Uniswap is on fire for some reason, and anything that has DeFi or "oracle" in it's name pumps straight to Namek, no questions asked. So what...

Uniswap Raises $11 Million to Fund Uniswap V3

9 Aug 2020 1 minute read 0 comments eatdostacos

Not long after the release of Uniswap V2, which includes new trade pair types and much more, the Uniswap Team has raised $11 million to help fund the creation of Uniswap V3. This will be their next generation protocol for swaps on Ethereum. A little...

Tutorials - Becoming a Liquidity Provider with Uniswap

7 Aug 2020 4 minute read 7 comments DeCryptolorian

Uniswap, a DeFi (decentralized finance) exchange is an automatic liquidity protocol built on the ethereum blockchain. This protocol allows the average person to provide liquidity. Before DeFi, only Banks, Governments, or people with a lot of money c...

Uniswap Completes Series A Funding, Raises $11 Million

7 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized on-chain protocol Uniswap announced the completion of its Series A funding round on August 6, raising $11 million. Uniswap had already raised $1 million in seed funding from Paradigm and others. Funding led by Andreessen Horowitz; addi...