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.


How to DeFi - Coingecko's book review

15 Dec 2020 1 minute read 1 comment Cryptotexty

DeFi (Decentralised Finance) is a hot topic these days. "How to DeFi" is prepared by Coingecko team. It is available for sale, but also you can get it with Coingecko's candies. I saw this book months ago, but only recently go it, as I had enough cand...

NerveNetwork Main-Net Supports ETH and BNB Liquidity Cross-Chain Mining

15 Dec 2020 1 minute read 3 comments NULS

We have added the following assets to NerveNetwork to participate in cross-chain staking: NVT-ETH UNI-V2-LP NVT-BNB Cake-LP   This will promote NerveNetwork cross-chain scenarios and the liquidity of NVT assets.   The reward for the first 30 days:...

Free is nice, but watch out for scams!

13 Dec 2020 6 minute read 2 comments Roberto D.

What are Airdrops? Are Airdrops a Scam? In this article, we will see how, and what, are the methods to get free cryptocurrencies without being scammed.. In fact, so called, it seems one of the usual scams that hover on the web, ready to attract those...

What is Uniswap? An easy-to-understand guide

12 Dec 2020 6 minute read 3 comments CryptoLearn

This was originally posted on Zabo's blog. Shared here with permission from authors. Uniswap is a popular decentralized exchange for cryptocurrency. It is one of the cornerstone projects of the Ethereum and decentralized finance (DeFi) ecosystem. In...

Uniswap (UNI) Is Completing Bullish Butterfly Upto 55.5% Expected

12 Dec 2020 1 minute read 2 comments moon333

On daily time period chart, the price action of Uniswap (UNI) is completing final leg of bullish Butterfly and soon it will be reached in potential reversal zone.  Click here to create free account on tradingview to watch and play the chart on realt...

SushiSwap SUSHI $2.06 4.49% in 7 days +8.36%

12 Dec 2020 1 minute read 0 comments tony80

  General fall of all cryptocurrencies, something that seems usual in this month of December, after a big rise there is always a correction in the graph, we will soon see a recovery even so the percentage of Sushiswap has not been very low compared t...

NerveNetwork Upgrading to V1.7.0

12 Dec 2020 1 minute read 0 comments NULS

  Dear NerveNetwork Community, In order to promote the application of NerveNetwork cross-chain scenarios and the liquidity of NVT assets, we added NVT-ETH UNI-V2-LP / NVT-BNB Cake-LP assets to participate in the main network cross-chain stake. The ne...

Flaming Farm Brings Deflationary Yield Farming to Users

9 Dec 2020 4 minute read 1 comment JaksHitam

Yield farming includes loaning digital money. Consequently, you get interest and at times charges, however they're less critical than the act of enhancing interest with freebees of units of another cryptographic money. The genuine result comes if tha...

Cybercrooks are ready to step up the game to steal millions this Christmas.

8 Dec 2020 3 minute read 7 comments ircrp

  Around the time of Christmas when the online shopping activity tends to be at its highest during the year, the trend also tends to be reflected in terms of scammers and cyber criminals activity. With that we will take a look at few ongoing problems...

Yearn Finance Platinum

7 Dec 2020 2 minute read 0 comments JaksHitam

Introduction Yearn Finance is a set-up of items in Decentralized Finance (DeFi) that gives loaning total, yield age, and protection on the Ethereum blockchain. The convention is kept up by different autonomous engineers and is administered by YFI hol...