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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.


Beware!!

27 Jan 2021 2 minute read 0 comments Godsplan

I had an experience recently and I want to share it with the whole world to be careful about it, and that’s altering crypto currency transaction fee to a very low value. This is because I tried setting my own transaction fee of very low value and my...

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...

Harvest Finance: New Pools Galor!

26 Jan 2021 1 minute read 0 comments Cje95

Since Coinbase highlighted the yield farming place Compound I was drawn to the idea. I had an issue though as this was last fall and I was rather busy with work at that point in time. Because I could not spend the time needed to fully participate in...

Who Created Uniswap?

25 Jan 2021 1 minute read 0 comments Austin Reihl

Uniswap (UNI) is a decentralized protocol running on the Ethereum (ETH) blockchain. Through automated liquidity provision, Uniswap gives users the ability to swap ERC20 tokens seamlessly on-chain. In addition, Uniswap enables users to earn a percenta...

$30k to $1 million passively challenge: Update 2

25 Jan 2021 2 minute read 0 comments MadMaxx

Hey, and welcome to another update! First off, I apologize for this late update. I however had a lot on my plate, buy updating this has basically become a priority for me. If you're seeing this for the first time, basically all I'm trying to do is to...

How many people visited Uniswap in last 6 months?

24 Jan 2021 1 minute read 0 comments Suraz Bhattarai

The given below are the data related to Uniswap during last six months period. Total visit to Uniswap in last 6 month is around 3.71 million with average duration of 6 minutes and 49 seconds.  US rank at first for traffic sources with15.57% followe...

Is Uniswap Safe?

24 Jan 2021 1 minute read 2 comments Austin Reihl

Uniswap is a decentralized exchange (DEX), running on the Ethereum (ETH) blockchain. Through utilizing Uniswap, users can exchange ERC20 tokens without having to trust a third-party with their funds.   Despite the many advantages afforded to users, t...

Connecting Uniswap to Metamask

24 Jan 2021 1 minute read 0 comments Austin Reihl

There’s a good chance that if you hadn't previously heard of Uniswap, you did hear about it through the grapevine during the recent DeFi craze of 2020 - however, you might be surprised to learn that Uniswap launched all the way back in November of 20...

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

22 Jan 2021 2 minute read 11 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...