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.


All you need to know about Liquidity Pools

22 Jul 2021 11 minute read 20 comments Mishal Alexander

Do you really know what a liquidity pool is or how it works? Have you ever wondered how liquidity pools like Uniswap really run it's operations? With this article, I would like to share some information about liquidity pools in terms of what it reall...

How SwapSpace helped me become an Uplander (very quickly and conveniently)

21 Jul 2021 4 minute read 12 comments SirGerardThe1st

Scientists say that there are four forces that regulate the functioning of nature: gravity, electromagnetism, the strong nuclear force, and the weak nuclear force. I think that we must urgently add a fifth, which is the market force. When someone cre...

What will happen to your NFT after you remove Uni V3 LP from liquidity pool?

11 Jul 2021 1 minute read 4 comments Smendel

Not sure about you, I had been wondering about this question since day 1 after I created LP and added it to liquidity. I tried to google it to see if anyone was talking about it but had no luck.  I created an ETH/USDC LP when the price of ETH was hit...

This Is Why The Uniswap (UNI) Can Be Your Best Buy

3 Jul 2021 2 minute read 1 comment moon333

  Hey friends, hope you are well, and welcome to the new update on Uniswap ( UNI ).Brokedown up channel and formation of down channel:The price action of Uniswap was moving in an up-channel from the second week of Feb 2021. Finally, in the month of...

Adaptation....then Evolution...Nothing Will Change

2 Jul 2021 2 minute read 1 comment alquimista1501

With the exodus of forced capital resulting from mining, the market dynamics have taken a different course, delegating more time to a change of strategy that is not altered by long-term manifestations. The evolution of technology is given by the need...

Short summary on DeFi Tokens that are on road to recovery

28 Jun 2021 1 minute read 3 comments Defiant Pathfinder

Crypto has been drowning deep in the sea since the bears have been charged. Now the global capitalization is showing good signs as we are now sitting on 7.38% which is a sign of improvement. Even Bitcoin has resurrected and now trading above $34.000....

The future of Chainlink and Uniswap after it has been listed on eToro

26 Jun 2021 1 minute read 3 comments Defiant Pathfinder

For a crypto asset to be well recognized and well trusted by investors and users then iyt means it should get listed on larger exchanges. Just like what happened with coin-base when it got listed on NASDAQ this brought some positivity on the crypto m...

Do NOT Dollar Cost Average Into Fucking Altcoins

21 Jun 2021 3 minute read 18 comments Alucard0x

I can't stand when people blindly follow stupid quotes in trading without even knowing where they came from or what they mean. Fuckin everyone misquotes Warren Buffett thinking that you can blindly make money in the market by using "value investing"...

Explore: Tracking Uniswap and other Decentralized exchange offerings

19 Jun 2021 3 minute read 8 comments ChildOfTheMany

Trading Uniswap coins can be risky business if you do not know what you are doing. There are a lot of factors that go into buying a coin for profits, or for making an investment on a decentralized exchange like Uniswap, Sushiswap, Pancakeswap, etc. C...

What are Decentralized Exchanges & How do they Operate

18 Jun 2021 1 minute read 0 comments Defiant Pathfinder

Decentralized Exchanges (DEX) are crypto currency exchange platforms that facilitate exchanging between clients where each client has control over his own crypto assets. How Do they operate? Since they are decentralized and do not store crypto assets...