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.


The Cause Of The Cryptocurrency Crash Has Been Found! A Twitter By FXHedge

18 Apr 2021 2 minute read 6 comments Willson-Deng

On April 18, there was market news that the US Treasury Department would accuse several financial institutions of using cryptocurrency to launder money. The news came from a popular Twitter account, FXHedge, which alerted a total of 122,700 follower...

StableCoins Are Unstable? The Story Behind Investors Selling FEI

17 Apr 2021 7 minute read 2 comments Willson-Deng

FEI Protocol, a StableCoins project supported by many mainstream venture capitalists, hopes to build a StableCoins anchored 1:1 with the U.S. dollar and create a StableCoins protocol that will directly use its tokens to purchase assets instead of usi...

Diluting Your Cryptocurrency Privacy - UNITED STATES v GRATKOWSKI

16 Apr 2021 6 minute read 1 comment kev_nag

INTRODUCTION: A brief review of the facts of this case is warranted. In US v Gratkowski, 964 F. 3d 307 (5th Cir, 2020), the defendant became the subject of a federal investigation in relation to a parallel investigation of a child pornography website...

Pancakeswap Vs Uniswap: Which one trump's the other?

8 Apr 2021 1 minute read 2 comments MadMaxx

Trading doesn't have to be hard at all. The market just dumped, and many of you were caught in the dump, losing your money. This shouldn't happen at all. To start making money in the markets, you can join my inner circle of traders. I give daily mark...

Why I’m bullish on ZERO (0.exchange)

15 Apr 2021 1 minute read 0 comments redcat

-It’s likely going to be a quintadex very soon. Likely one of the first on DOT. Sure there will be other Dexs launching there, but they won’t be as developed as ZERO at the time of launch and won’t have all of the bridges from other ecosystems to bri...

ALTCOIN SEASON HERE AGAIN?

11 Apr 2021 9 minute read 3 comments trevorbalthrop

Hello, out there in the world of Crypto! My name is Trevor and today I have HUGE news for Alt Coins and Crypto!"Well, come on now Trevor! What's the big deal?"Hodl your horse's people, I will get to that in a minute I promise 😅But first!If you like...

The Comprehensive Guide To Uniswap

5 Apr 2021 3 minute read 7 comments Austin Reihl

Amidst the rising popularity of decentralized finance (DeFi), Uniswap (UNI) is definitely among those occupying the center stage. Following the peak in 2017 after substantially rapid price appreciation, initial coin offerings (ICOs) saw their doomsda...

Liquidity Pools 101 - How NOT to Lose Money

29 Mar 2021 4 minute read 3 comments GabrielHaines

      What is a Liquidity Pool? Liquidity pools are paired crypto assets that are pooled together to facilitate the trading of particular token or coin sets on decentralized trading exchanges. The funds are provided by the various contributors and t...

Liquidity Mining For Dummies (Smart Yield Farming)

10 Apr 2021 6 minute read 5 comments yunsik

INTRODUCTION Liquidity mining has become a huge aspect of the pioneering De-Fi space that continues to grow in not only size, but also in innovation. Despite the "amazing returns" that many platforms tout, being a liquidity provider comes with a set...

How profitable is providing liquidity on Uniswap really?

21 Aug 2020 2 minute read 24 comments TMod_Marco

For those of you who don’t know Uniswap, Uniswap is the most popular and used decentralized exchange at this moment. It’s clear we’re in some kind of ‘altcoin season’ at the moment, and ERC-20 tokens have been booming. With that, decentralized exchan...