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.


Uniswap Labs Brings New Features like Extension, Limit Orders and Insights

5 hours ago 1 minute read 0 comments Novasky

Uniswap has been working on the new features for some time now. They are turning out to become one solution that fits for most of the Ethereum ecosystem actions. And it also means that the feature would be making it easier for the features to use wit...

Uniswap: 70% increase in 24 hours and new update

27 Feb 2024 1 minute read 0 comments KMatt

Uniswap, the market-leading DEX, saw a 70% increase in its UNI token over the weekend, rising from just over $7 to as high as $12. There are several possible reasons for this surge: - Governance update plan: The Uniswap Foundation recently presented...

Will Uniswap sustain its fantastic rally? Or go down?

24 Feb 2024 1 minute read 0 comments HiRaj

Dear Readers, At the time of writing this article the global cryptomarket cap stands at $ 1.96 Trillion, which is up of 0.83% from yesterday. The Cryptomarket leaders- BTC & ETH are trading in green with 51275 USD and 2975 USD respectively. This week...

Excelencia's TheComparisonStatsSeries 226 : yesterday, February 23 - 2023 and 2024 and thursday, February 23 2023 and February 22 2024.

24 Feb 2024 3 minute read 0 comments excelencia

Taking in concern the number of views, earnings and likes received for Excelencia's TheComparisonStatsSeries 225, Excelencia has decided today saturday to make this "TheComparisonstatsSeries226"post, while sending a huge ThankYou to al  followers an...

Degen Rejoice! 🚀 Elevate Your Alpha Crypto Trading with Candlestick’s Latest Features — 😎Smart Money Copy Trade

11 Feb 2024 1 minute read 0 comments Candlestick

🚀 Degen Rejoice! Elevate your Alpha crypto trading with Candlestick’s latest features. Now you can: Get live Smart Money trading signals Instant token security & buy/sell tax checks just by hovering 🛡️ One-click ‘Trade’ 🔄: Auto-fills the tokens fo...

DeFi 102: The Role of Liquidity and Liquidity Pools in DeFi

6 Feb 2024 4 minute read 0 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

Bored of PancakeSwap vs. Uniswap Comparison? Here’s Another One!

3 Feb 2024 3 minute read 1 comment Callisto Network

While the Decentralized Finance ecosystem is overflowing with emerging platforms, the conversation often orbits around two familiar names: PancakeSwap and Uniswap. These platforms have set the standard for what decentralized finance can offer, establ...

Groundbreaking week for Rootstock!

26 Jan 2024 2 minute read 2 comments The Art of Tomas

Dive into the heart of innovation with our latest coverage on the seismic shifts happening in the Bitcoin and blockchain ecosystem. Today's narrative takes you through a series of groundbreaking developments, each heralding a new era in decentralize...

Raydium: Revolutionizing Decentralized Finance through Innovation and Accessibility. (Solana ecosystem)

23 Jan 2024 3 minute read 1 comment blockchainking

Hey my dear followers, today I'm tipping my tows again into the Solana ecosystem. After Solana's 10x last year, which I failed to profit from because I fell victim to the disbelief rally dilemma, I'll try my luck by looking at which Solana projects w...

The Ultimate Definition of ‘😎SMART’ is Your Definition

12 Jan 2024 1 minute read 2 comments Candlestick

  We had an interesting talk with our users. 🍋 ‘This address is my favorite. I followed them and scored 3 moonshots!’ 🥑 ‘Hmm, I’m not a fan of that address. I don’t think he is smart’ 🍋 ‘Why?!’ 🥑 ‘Cuz their win rate isn’t high enough when I use t...