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 Protocol Value Suffers $6M Flash Loan Attack

16 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

DeFi protocol Value announced on Nov. 14 that it had experienced a flash loan attack that resulted in the loss of $6 million. The attacker specifically targeted Value Protocols’ MultiStables Vault, which led to $6 million in user deposits being stol...

Launching fUNI. Uniswap on Fantom

15 Nov 2020 3 minute read 4 comments Fantom Foundation

The wait is over! We successfully deployed fUNI on Fantom, both as a standalone application at and integrated within the Fantom Wallet.   What is fUNI? fUNI is a Uniswap clone deployed on Fantom. Here are the advantages of launching Uni...

Uniswap site was down because of dependency on Cloudflare, is this really a big problem ?

15 Nov 2020 1 minute read 1 comment ircrp

  Days after Critical Etherum services go down leading to some users being unable to interact with Uniswap via Metamask as a consequence of its default node provider Infura going down for several hours, there appears to have been yet another issue th...

Uniswap doesn't know what to do with the protocol after November 17th. UNI and Ethereum face a global sell-off

15 Nov 2020 2 minute read 1 comment World Crypto

The liquidity reward program is ending on the Uniswap platform, and the project team did not comment on its further fate. Next week, November 17, the popular decentralized exchange Uniswap will end its liquidity reward program. The crypto community i...

Arbitrage opportunities in cryptocurrencies and sports betting markets

14 Nov 2020 2 minute read 0 comments Behiver

Arbitrage opportunities are created in any trading markets when you can play the exchange one against the other and through opposite tradings or betting you are getting a profit regardless of the outcome. If the price difference between BUY and SELL...

The 5 Most Lucrative Trading Pairs for UniSwap Liquidity Providers in 2020

14 Nov 2020 5 minute read 1 comment Crypto Adventure

Decentralized Finance (DeFi) and decentralized exchanges have witnessed insane growth in recent years. Decentralized exchanges (DEX) offer several benefits, including access to a broader array of trading pairs to lower trading risk, lower transaction...

LEO Finance - LEO TOKENOMICS should display market capitalization per each locked supply

14 Nov 2020 1 minute read 0 comments Behiver

LEO TOKENOMICS widget on LEO Finance site gives you a snapshot on the LEO market capitalization and its supply which can be staked, liquid or wrapped on Uniswap. This reflects where the LEO tokens are at the moment and if extrapolating it shows where...

Comparing Crypto Swap Exchanges

12 Nov 2020 3 minute read 12 comments Scott Cunningham

Given Metamask just came out with the ability to perform swaps through their wallet, I wanted to take some time to review swap exchanges and compare them. The key things to keep in mind are the cryptocurrency prices and the network fees on each excha...

Wrapped Leo(wLEO) relaunching on Uniswap - Will I join the Liquidity Pool, again?

11 Nov 2020 2 minute read 3 comments raamesa

The dearest wrapped leo (wleo) is relaunching. I spent 17 days in total in the Liquidity Pool before removing my liquidity after the hack. I managed to receive the pooled Ethereum but the total of 910 wleo was trapped in Uniswap. I am glad that...

NRG on Uniswap! Swap NRG as NRGE on Uniswap

10 Nov 2020 1 minute read 2 comments Daveyy

Uniswap is a fully decentralized on-chain protocol for token exchange on Ethereum that uses liquidity pools instead of order books. It is currently the best marketplace to swap tokens, create a market, or manage your liquidity pool as Uniswap current...