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.

Crypto Newbies - What Is And How To Use A Decentralized Exchange,Uniswap

19 Apr 2020 3 minute read 5 comments boyka

This is the new entry of a series of blog posts i will do, they will target new people on the cryptocurrency community. In this post i will talk about decentralized exchanges and will teach you how to use the one i find easier for new crypto users, U...

imBTC Uniswap v1 Pool DRAINED

18 Apr 2020 1 minute read 0 comments favicon

One hour ago social media started to heat up around imBTC, reason is that its liquidity pool on Uniswap v1 was completely drained. So whoever supplied imBTC to Uniswap obviously did not do their research. ERC-777, as used by imBTC, was never sup...

Coinbase invests $1.1 Million in Uniswap and Pool Together

5 Apr 2020 1 minute read 5 comments Tejas19

The two most popular DeFi applications on the Ethereum blockchain Uniswap and PoolTogether are being funded $1.1 Million USDC by Coinbase. USDC is a stable coin that is pegged to the US Dollar and this stable coin was developed by Coinbase with the p...

How to Convert ETH to 1UP with Uniswap

29 Mar 2020 3 minute read 3 comments Jaemoney

I think Uniswap might be a the best Dapp I’ve seen to date. Mainly because you can easily swap an ERC20 token with any other ERC20 Token. In this post, I’m going to show you how to swap ETH for 1UP. There are many reasons to do this; maybe you want t...

1inch.exchange Introduction

14 Mar 2020 1 minute read 3 comments TechShooter

1inch.exchange is a DEX aggregator, it helps to find the best price, it "Achieves best rates by splitting orders among multiple DEXes in one single transaction". You can choose the Limit additional price slippage and the GAS fee of the transaction. T...

The Unicycle Diaries Part 2: Nice Charts, Strong Opinions

7 Mar 2020 3 minute read 0 comments pierce

If you're reading this blog post right now, you're very likely human. As a species we humans have, for better or worse, evolved an affinity towards the visual medium. This mans that from time to time in the course of our lives, to communicate effecti...

The Unicycle Diaries Part 1: Uniswap, The Graph, and Me

5 Mar 2020 7 minute read 2 comments pierce

You've probably played with Uniswap by now. If you haven't you're in for a treat! Uniswap is an Ethereum based decentralized exchange (DEX) with a built in Automated Market Maker (AMM). This means it's an exchange with no order book where anyone in t...

DeFi App Tutorial Uniswap + DeFiZap: Easy Way To Join Liquidity Pool And Earn Trading Fees

4 Mar 2020 2 minute read 4 comments tomoyan

Uniswap is a decentralized token exchange that lets you swap tokens fast and easy. No signup. No KYC (know-your-customer). DeFi App Tutorial Uniswap: Easy Way To Trade Ethereum Based Tokens (ERC20 Tokens) But that is not all. You can also earn exchan...

DeFi App Tutorial Uniswap: Easy Way To Trade Ethereum Based Tokens (ERC20 Tokens)

1 Mar 2020 1 minute read 21 comments tomoyan

Publish0x uses different tokens for earnings, HYDRO, DAI and BAT, and when you have different Ethereum based tokens, sometimes you want to convert them into another token like Ethereum because many exchanges support Ethereum for cashing out. Uniswap...

Tracking your Uniswap Liquidity Investments with UniswapROI

9 Feb 2020 1 minute read 0 comments Bitcoin Faucets

Following on from my last post on DefiSnap, a portal that gives you an overview of all of your defi investments, there is another analytics tools thats pretty incredible if you are dipping your toes in the Defi waters.Uniswap is a decentralised excha...