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.

7 High-Paying Yield Farming Platforms to Check Out Now!

27 Jun 2022 4 minute read 0 comments UniFarm

Since the year 2020, yield farming has been a hot topic in the decentralized finance world. It has become a way to go for investors looking to gain maximum profits from their owned cryptocurrencies and other crypto-based assets. As a beginner, the co...

Uniswap Fees Overtake Ethereum Fees; Moody's Downgrades Coinbase

24 Jun 2022 3 minute read 2 comments Allen Taylor

Uniswap has surpassed Ethereum in network fees. Harmony was hacked and thieves got away with $100 million in ETH, and Optimism lost 20 million tokens in Interlayer snafu. A new Chainalysis report shows that, despite an increase in Layer 1 blockchains...

How Can Uniswap (UNI) V3 Continue to Make Money in a Bear Market??

23 Jun 2022 5 minute read 3 comments Michael @ CryptoEQ

If you want more cryptocurrency analysis including full-length research reports, trading signals, and social media sentiment analysis, use the code "Publish0x" when subscribing to CryptoEQ.io to make your first month of CryptoEQ just $10! Or simply...

🎉 Candlestick Public Launched! Opportunity Radar Built By Traders, For Traders (Yes we like FTX!) 😎

9 Jun 2022 4 minute read 0 comments Candlestick

    This is the story of us building Candlestick.io.     9X Is Just The Begining   Our story with blockchain data analytics starts at the end of 2020. Nearly missed the whole DeFi summer, we’ve caught on $BADGER (& $DIGG). That’s when we realized th...

What is a DAO in Crypto?

7 Jun 2022 3 minute read 2 comments GetBlock

The ‘DAO’ is a concept based on blockchain technology, which eliminates the need for a central governing authority. Recently, DAOs have been getting quite a lot of attention from developers. Let’s try to explain what having a DAO means in the crypto...

😎 How to use turnover rate to validate the uptrend?

5 Jun 2022 1 minute read 2 comments Candlestick

  The Turnover Rate indicator is an exclusive token metric only available on Candlestick.   In general, The Turnover Rate can reflect the activity status of traders on decentralized exchanges. According to historical data, the all-time high peak of...

🏆 Top DeFi Tokens Onchain Data in May

1 Jun 2022 1 minute read 0 comments Dapp.com

    😭 All prices plungedBUT all DeFi tokens’ hodlers numbers increased Holder/active address & transfer volume all increase — $UNI. Loopring $LRC got the largest hodlers growth All tokens ranking 👉 https://dapp.com/token-ranking       Y...

🤔 LPs are accumulating more $LOOKS tokens

25 May 2022 1 minute read 0 comments Candlestick

  $LOOKS liquidity providers are accumulating more tokens and adding to the liquidity pool   $LOOKS LP DistributionTop lps saw continued growth since May 10.Top 10: 78% to 85%Top 20: 89% to 92% It indicates Top lps loaded $LOOKS in their bags during...

🏆 Top dApps by Active Users in May

25 May 2022 1 minute read 1 comment Dapp.com

  Unlike vol rankings (Ethereum & BNB chain dapps dominate), top dApps ranked by active users are from different blockchains.   TRON Network Zethyr Exchange leading with 5.9M monthly active users Tron dapps ranking   BinanceSmartChain - PancakeSwap...

🚀 $REQ skyrockets 20% in 24h. Is this the start of its rebound? How far will the price go up?

25 May 2022 1 minute read 0 comments Candlestick

  Is this the start of its rebound? How far will the price go up?   $REQ Net Buy Amount- Net buy surged 1,592% to a 3-month peak.- The buy amount is 1.08x of the sell amount. A strong buying power pushed the uptrend.   $REQ Trading Volume with Size...