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.

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...

How to Avoid Buying Uniswap DeFi Scams in 2021

1 Feb 2021 6 minute read 3 comments Crypto Adventure

The fame that DeFi projects have amassed is quite the popularity, especially in the year 2020 after the crypto industry’s growth. There are over 1000 DeFi tokens circulating the crypto markets, with the total market cap set at $34.86 billion. Further...

What Are Uniswap Liquidity Pools?

30 Jan 2021 3 minute read 5 comments Austin Reihl

Most users in the decentralized finance (DeFi) space are more than familiar with using Uniswap (UNI) to trade their favorite ERC-20 tokens. Despite this, many remain unfamiliar with the magic behind Uniswap liquidity pools (LPs) and how they are fund...

How Does Uniswap Work?

4 Feb 2021 1 minute read 3 comments Austin Reihl

Uniswap (UNI) is a decentralized protocol for automated liquidity provision on the Ethereum (ETH) blockchain. In this article, we’ll take a look at the latest version of UNI and how it works. It’s safe to say UNI-V1 paved the way for its successor -...

New Trending Coins on the Crypto market: Where and How to buy MILK2 and SHAKE

7 Feb 2021 2 minute read 2 comments SpaceSwap Captain

There is a new player in the CoinMarketCap Top Gainers list and the CoinGecko Top 30 Trending Searches, SpaceSwap. The project was launched in September 2020 but didn't catch much attention until now. This week, the SpaceSwap team released a new feat...

How did he transform 0.001 ETH into 86.68 ETH? (+81 000 %) !

31 Jan 2021 1 minute read 5 comments AtipikNews

  How to transform ~ $1,30 into +$110'000 ?🤔   As the crypto-media Rekt explains here, a hacker discovered and exploited a security flaw in a low liquidity pool on SushiSwap. More specifically, this is the pool concerning the DIGG token of the Badger...

Give Some Attention To The Exchange Tokens: BNB, Uniswap Coin, HT And OKB All Taught Us A Lesson.

21 Feb 2021 5 minute read 29 comments Godsplan

  Hi everyone, I’m here again to spread some good news in the crypto market that maybe many of us might have not taken notice about. If we check generally, l can say the month of February had being a great month for bitcoin and its other alternative...

convert Ampleforth token to ETH using coinbase wallet and uniswap

17 Dec 2020 1 minute read 11 comments

Maybe, if you are reading this, you will have some Ampleforth tokens in your publish0x account, and maybe you wonder how you can change it to another token. Then you are in the right place. This post tries to explain to you how to convert Ampl to ETH...

How To Earn UNI On Uniswap

16 Oct 2020 5 minute read 14 comments Guarda Wallet

What Is Uniswap? Uniswap is a kind of a decentralized protocol for automatic liquidity based on Ethereum. Frankly speaking, Uniswap allows you to automatically sell and buy ERC-20 tokens relying on its ability to change the value of tokens. Why Shoul...

Uniswap V3 on ETH 2.0 soon ?

22 Feb 2021 1 minute read 0 comments Clemnms51

Uniswap is a decentralized exchange where you can buy and sell your cryptocurrencies. It was one of the first platform working like that (even the first maybe ?), and is nowadays the most famous too.  High fees are killing users  If Uniswap respects...