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.


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...

What will happen to BTC in 2021?

16 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...

"3 reasons why Ethereum price is still on track to top $2,000" My response

10 hours ago 1 minute read 0 comments Sebbe_727

I was reading an article from Cointelegraph that was named "3 reasons why Ethereum price is still on track to top $2,000". This is my response.Ethereum is excellent technology, by all means, the CEO Vitalik Buterin has achieved an excellent trophy by...

New Uniswap Phishing Links: Beware (19/01/2021)

20 Jan 2021 1 minute read 8 comments EliteHodler

Another day another phishing scam in the crypto space. As the rise in DeFi's popularity continues, more and more scammers are creating fake DEX's to scam people. As Uniswap is now the largest Decentralised-Exchange there are lots and lots of phishing...

$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...

Beware!!

13 hours ago 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...

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...

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...