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.


Ulog: How To Find Upcoming Defi Coins Before They List On Uniswap? Unicrypt?

7 Aug 2020 1 minute read 0 comments surpassinggoogle

Within this ulog, i take you through how a legitimate illiterate would go about looking for upcoming DEFI projects that could have some credibility. You may be looking for safe crypto projects to look at, more recently those related to DEFI, decentra...

Minereum Navigation Guide

6 Aug 2020 2 minute read 0 comments SmartCryptoNews1

The blockchain space is now mostly focused on Staking and Mining. This is the scope of our article today. We create a navigation guide for the Minereum Project. WHAT IS MINEREUM Minereum was the first ever " Self-Mining Smart Contract ". It was launc...

Martkist Wrapped Token (wMARTK), what will it do?

6 Aug 2020 2 minute read 1 comment Paraguanads

Thanks to popularity rise of decentralized finance (or DeFi for its acronym), the Martkist team aims to catch up with such technology by adopting an ERC-20 token redeemable 1: 1 with its peer, the MARTK mineable original coin. I am not very clear, co...

AMPL Dump is a Lie?

4 Aug 2020 6 minute read 20 comments Chenhuang_defi

Many of my followers know me from my extensive coverage of Ampleforth recently and, over the past couple of days, I have started to feel that this recent ‘AMPL Dump’ cannot be left uncommented - just for the sake of those that gained interest in AMPL...

DEFI project - AMPL/ETH on Uniswap +Geyser ( after one week)

4 Aug 2020 2 minute read 14 comments Heruvim78

After one week, the things start to catch up some speed in here. The Geyser rewards for the first 7 days are 11.38 AMPL, and the reward multiplier went from x1 to x1.2. It will take 30 days to go to x2, and 60 days to reach maximum of x3. If you are...

Dharma Integrates Uniswap, No Trading Fees for Limited Time

3 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

DeFi platform Dharma announced on July 30 that it had integrated decentralized protocol Uniswap, allowing users to trade within Dharma’s Smart Wallet. All trading fees will be waived for users until at least August 30.  Dharma is a lending and savin...

A Comprehensive Guide to Uniswap

3 Aug 2020 5 minute read 7 comments Violet64

Welcome to my new series “A Comprehensive Guide to” where each time I cover a new topic in-depth while trying to keep things simple.   What is Uniswap and what are its goals? Uniswap is a DEX (Decentralised Exchange) based on the Ethereum blockchain...

🗞 Daily Crypto News, August, 1st 💰

1 Aug 2020 3 minute read 2 comments Crypto_Lemon

Bitcoin Price Hits 2020 High at $11.5K as Traders Say ‘Bull Phase’ Igniting; Uniswap Volume Surges as Traders Praise DEX & DeFi Tandem; 🔥 Coinbase continues to explore support for 19 new digital assets !; Tencent to Co-launch Blockchain-powered...

Let's Make $LESS More Again!

31 Jul 2020 2 minute read 0 comments Crypt0 T0ddl3r

  Hello, my dear crypto degen friends!   I present to you (ta-ra-ra-ram): the Useless Token ($LESS).   This is the token we didn’t need, but the token we deserved: the Useless Token. Mind you, there is no value in this token, so it’s not that differ...

The Parachute Liquidity Pool

29 Jul 2020 10 minute read 8 comments Abhijoy Sarkar

As we kick off ParJar Swaps, we’re inviting Parachuters to join our soon-to-be launching liquidity program on Uniswap! See how it works and what you get! Parachute is announcing its first liquidity rewards program. Parachute recently launched its fla...