Uniswap (UNI)

615 Articles 53,720 Followers

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.


Tracking your Investments with Defi Snap

9 Feb 2020 1 minute read 0 comments Bitcoin Faucets

If you've become hooked by the recent innovations in the Ethereum Defi (Decentralized Finance) realm, there's a cool tool that you should really know about.  When you have a range of investments, it becomes time consuming and fiddly to constantly kee...

Reviewhunt: Now on Uniswap DEX

5 Feb 2020 1 minute read 0 comments favicon

I already made $20.80 on ReviewHunt since the Relaunch. It's super super good, and working - but what to do with the tokens? Until today it was only tradeable on some obscure KYC Korean exchange, but this has changed now. Someone started a DEX based...

Uniswap: 2 month review

1 Feb 2020 7 minute read 2 comments bengy

Source   I had first heard of Uniswap (a novel take on the decentralised exchange (DEX) based on the Ethereum blockchain) on a podcast of Unchained where the host Laura Shen interviewed the developer of Uniswap (Hayden Adams) about the project. At t...

How To Use Uniswap.io (featuring Unibright $UBT)

23 Jan 2020 1 minute read 0 comments Dan

Uniswap.io a decentralised exchange where you can swap any ERC20 token for Ethereum or other ERC20. Or vice versa. Using Liquidity Pools. It is available worldwide and has no KYC restrictions at present.   How it works Uniswap is made up of a series...

Uniswap may be fined at least $540M for its airdrop by the IRS

14 Feb 2022 2 minute read 0 comments ScreenTag

Uniswap may be be facing a huge tax bill for the airdrop took place from September 2020, until May 2021 - totaling at least $370M in withheld taxation, plus at least $170M in fines. This may come on top of the result of the SEC ongoing investigation....

Sommelier, the finest Wine in your Cellar?

1 Feb 2022 1 minute read 0 comments It's Lexy

Hello everyone, I just had some wine Bottles.... Uhhm I mean.. $SOMM Tokens in my wallet from an airdrop of this project I didn't know anything about. So I went to the Cellars and looked at my Bottles and Infographics to bring you some good Informati...

UniSwap Airdrop - Sowing $SOY

11 Nov 2021 1 minute read 0 comments SOY Finance 🌱

    Few Words About SOY Finance Backed by the most experienced crypto-security experts, SOY Finance is a DeFi platform for easy and safe trading. Newbies and casuals alike will appreciate the intuitive technologies such as the “1-Click Swap”, while...

Some Airdrops are Evil

24 Jul 2021 2 minute read 6 comments ircrp

Not every token that makes it into your wallet is there to make you a bit more rich, in fact in some cases quite the opposite. This was literally the case during 23rd of July 2021 when thousands of Etherum Wallet addresses were airdropped with a bran...

The Uniswap Token Is Now the 8th Most Popular Cryptocurrency

17 Mar 2021 2 minute read 3 comments Austin Reihl

The rise of the world’s most popular decentralized exchange (DEX) Uniswap (UNI) has been turning heads in the decentralized finance (DeFi) market. The UNI token traded at $34.00 with a daily trading volume of $1.5 billion and saw a rise up to 45.7% f...

Tokensale, Telos EVM Mainnet and Airdrops - TULIP 2nd Phase

28 Feb 2021 5 minute read 0 comments fycee

When community members work hand in hand bringing liquidity to the native token $TLOS, would you like to belong in this team? What's stopping someone in bringing their assets invested on the top 10 coin listing to the ones emerging nowadays? Getting...