Latest Posts with Uniswap tag

Uniswap (UNI)

422 Articles 788 Followers

Uniswap Logo
uni
usd

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.


Newbie Quest: Understanding Uni(corns)

17 Jan 2021 4 minute read 24 comments Steven_BA

Top 100 crypto-currencies mini-series continues today with the Uni coin. It's been three days since I published the first episode which was about XLM, Newbie Quest: Understanding Stellar Lumens (XLM). Unfortunately, I did not have too much time to po...

The Trading Volume On Crypto Exchanges Is Up | How is the most popular DEX Uniswap doing?

14 Jan 2021 5 minute read 3 comments dalz

Apart from the price, the trading volume is a one of the fundamental parameters in crypto. It shows how true the price is. The bigger the volume the better the price discovery for an asset. Although sometimes there are exceptions 😊. As Bitcoin hit al...

DeFi investments: $30k to 1 million, passively.

22 Jan 2021 2 minute read 10 comments MadMaxx

Hey everyone. Welcome back to another article. In this article (well, it'll be a series of articles), I plan on turning 30,000 US Dollars into 1 million dollars. The timeframe? However long it takes to happen. The only criteria is that everything I d...

The myth of liquidity provider fees

22 Jan 2021 2 minute read 11 comments ScreenTag

We all know that decentralized exchanges are promising liquidity providers a proportional share of the fees generated within each pair. If you go to Uniswap, for instance, you will see not only fees generated, but all recent transactions that generat...

Connecting Uniswap to Trust Wallet

26 Jan 2021 1 minute read 4 comments Austin Reihl

Uniswap (UNI) is a protocol built on the Ethereum blockchain that allows users to swap ERC20 tokens without the use of an order book: by using an algorithmic equation, UNI is able to automatically determine the exchange-rate based on available liquid...

#1 Best Way to Discover Crypto Scams

12 Jan 2021 1 minute read 9 comments AlucardLife

I just discovered a new way to discover FOR SURE if a token in your wallet is a scam. Here's a little story: Andre Cronje, the crybaby genius developer behind Yearn.Finance, was testing another coin yesterday. wYFI (and sil). Scammers use Andre's mov...

Sora Ecosystem - Polkaswap

3 Jan 2021 1 minute read 5 comments Thingsyousee

Polkaswap: a decentralised token exchange for the Polkadot ecosystem.   The Polkaswap testnet is now live and it looks amazing if you would ask me https://test.polkaswap.io/exchange/wallet The features that you can play around with right now are swa...

Introducing Sybil

16 Dec 2020 2 minute read 0 comments Uniswap

Today we’re excited to introduce Sybil, a governance tool for discovering delegates. Sybil maps on-chain addresses to digital identities to maintain a list of delegates, all while avoiding pesky user signups, on-chain transactions, and manual record...

What will happen to BTC in 2021?

15 hours ago 2 minute read 1 comment Roberto D.

Even though Bitcoin's performance is starting to be more fluctuating than some bullish traders would have liked, the leading cryptocurrency still shows an increase of over a third in the last month, with peaks of over $ 42,000 and growth of around 30...

The Most High-Profile DeFi Projects of 2020

12 Jan 2021 5 minute read 9 comments GetBlock

The outgoing difficult year will be remembered for the rise of the digital assets industry, the upgrade of the Ethereum blockchain project to version 2.0, and the "bull run" of decentralized finance (DeFi). By the end of the year, the Total Locked Va...