Latest Posts with Uniswap tag

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.


All you need to know about Liquidity Pools

22 Jul 2021 11 minute read 20 comments Mishal Alexander

Do you really know what a liquidity pool is or how it works? Have you ever wondered how liquidity pools like Uniswap really run it's operations? With this article, I would like to share some information about liquidity pools in terms of what it reall...

What will happen to your NFT after you remove Uni V3 LP from liquidity pool?

11 Jul 2021 1 minute read 4 comments Smendel

Not sure about you, I had been wondering about this question since day 1 after I created LP and added it to liquidity. I tried to google it to see if anyone was talking about it but had no luck.  I created an ETH/USDC LP when the price of ETH was hit...

This Is Why The Uniswap (UNI) Can Be Your Best Buy

3 Jul 2021 2 minute read 0 comments moon333

  Hey friends, hope you are well, and welcome to the new update on Uniswap ( UNI ).Brokedown up channel and formation of down channel:The price action of Uniswap was moving in an up-channel from the second week of Feb 2021. Finally, in the month of...

How SwapSpace helped me become an Uplander (very quickly and conveniently)

21 Jul 2021 4 minute read 10 comments SirGerardThe1st

Scientists say that there are four forces that regulate the functioning of nature: gravity, electromagnetism, the strong nuclear force, and the weak nuclear force. I think that we must urgently add a fifth, which is the market force. When someone cre...

Adaptation....then Evolution...Nothing Will Change

2 Jul 2021 2 minute read 1 comment alquimista1501

With the exodus of forced capital resulting from mining, the market dynamics have taken a different course, delegating more time to a change of strategy that is not altered by long-term manifestations. The evolution of technology is given by the need...

Impermanent Loss Liquidity Pools Explained and How to cope with it

13 Jun 2021 1 minute read 13 comments Defiant Pathfinder

DeFi and Yield Farming are getting popular each and every day as investor are depositing their tokens into liquidity pools so that they can get as many tokens as they can. There is what called impermanent loss and most investors do not pay attention...

SwapSpace vs OpenOcean

25 Jul 2021 5 minute read 7 comments FabPure

Year 2020 was characterized by the boom in DeFi space, it was dominated by the likes of 1inch, UniSwap, etc which offer swap facility. Now, the problem with these existing options in that I am not able to compare it with the prices an CEX - like Bina...

Main Difference Between Token Farming & Token Staking

25 Jun 2021 1 minute read 8 comments Defiant Pathfinder

Farming and Staking are 2 different things and they both have different characteristics which distinguish them from each other. Lets do a breakdown analysis and see how they differ. They differ in what ways exactly? Farming or Token Yield Farming is...

Explore: Tracking Uniswap and other Decentralized exchange offerings

19 Jun 2021 3 minute read 8 comments ChildOfTheMany

Trading Uniswap coins can be risky business if you do not know what you are doing. There are a lot of factors that go into buying a coin for profits, or for making an investment on a decentralized exchange like Uniswap, Sushiswap, Pancakeswap, etc. C...

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22 Jul 2021 1 minute read 0 comments Thumbs Up Finance 🇨🇦

Who doesn't like free money? 🧐 Better yet, who doesn't like free ultrasound money? 🦇 🔊 That's right I'm talking about Ether and I found a great way to get an amazing bonus that's so good I just have to share it with you! This one is for my friends do...