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.

Is Uniswap Safe?

24 Jan 2021 2 minute read 2 comments Austin Reihl

Uniswap is a decentralized exchange (DEX) running on the Ethereum (ETH) blockchain.   By utilizing Uniswap, users can exchange ERC-20 tokens without entrusting a third party with their funds - affording the userbase ultimate control over their digita...

How To Connect Metamask With Uniswap

24 Jan 2021 1 minute read 0 comments Austin Reihl

There is a good chance that if you had not previously heard of Uniswap (UNI), you did hear about it through the grapevine during the recent decentralized finance (DeFi) craze of 2020. You might be surprised to learn, however, that Uniswap launched ba...

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...

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...

Newbie Quest: Understanding Uni(corns)

17 Jan 2021 4 minute read 27 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...

Uniswap Protocol Token - A Stable Investment?

17 Jan 2021 2 minute read 0 comments LastWord

While Bitcoin becomes highly volatile and drags all other cryptocurrency downtown, the uni token seems to be resistive of the lead crypto market activities. The bull run early January was the biggest as Bitcoin touched $41k which records it's all tim...

How much have I made with XYO/ETH Uniswap Liquidity?

15 Jan 2021 2 minute read 3 comments CarlKid

Introduction About 6 months ago I decided to jump into the liquidity game. I had recently discovered an app called Coin App and of course, I wrote a post about it. Since I downloaded the app many moons ago I have received a total of 61,000 COIN toke...

The Trading Volume On Crypto Exchanges Is Up | How is the most popular DEX Uniswap doing?

14 Jan 2021 5 minute read 3 comments dalz

Apart from the price, the trading volume is a one of the fundamental parameters in crypto. It shows how true the price is. The bigger the volume the better the price discovery for an asset. Although sometimes there are exceptions 😊. As Bitcoin hit al...

Do you have a lot of XYO tokens? [Update]

13 Jan 2021 1 minute read 2 comments CarlKid

Hello All, It has been quite some time since my last post. Today after writing this post [Do you have a lot of XYO tokens?] roughly 6 months ago it is surprising to see what has changed. Since the initial post here is what has changed. Total Liquidi...