723 Articles 85,640 Followers
$6.79
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 Feb 2022 1 minute read 0 comments Cryptotexty
Some of my readers might have seen Cryptoroyale game review which I published recently. I continue to research different projects, and for these purposes, I played that game. It took me some time to earn 20 ROY tokens. In the video I withdrew directl...
26 Jan 2022 3 minute read 5 comments Cje95
Last Sunday Uniswap Founder Hayden Adams tweeted out to the world something that was pretty shocking and equally concerning. His personal bank accounts at JPMorgan Chase were closed without any prior warning. Now I will say that if a bank is independ...
17 Jan 2022 4 minute read 3 comments Stuart Hollinger
Providing value into different currencies and then placing those currencies into a liquidity pool for users to trade and swap with has become quite mainstream… https://dune.xyz/carrawu/uniswap-analytics And I don’t think it’s going to be...
14 Jan 2022 5 minute read 3 comments 2sats
*obligatory not financial advice* What is Sushiswap? Sushiswap started as a fork of the Uniswap DEX. The only difference was that it had its own token before Uniswap did and this governance token let its holders earn a part of the trading fees. The...
14 Jan 2022 3 minute read 0 comments cybercrypto
DAO has been slowly growing in the market but still, it hasn't reached its full potential. Also, it didn't boom like NFT' had. People still understand it and slowly it's reaching the audience. DAO explanation DAO stands for Decentralised Autonomou...
12 Jan 2022 4 minute read 1 comment 2sats
*obligatory not financial advice* What is Uniswap? Uniswap was one of the first few decentralized exchanges on the Ethereum blockchain. It doesn't use an order-book system to match buy and sell orders but instead uses provided liquidity to offer in...
2 Jan 2022 3 minute read 4 comments JonathanStanley
There's a 97.3% chance that providing liquidity on Uniswap would cause you lose money. Here's why: If we take the estimated 11M Ethereum addresses with balances > 0.01 ETH and compare it to the 290k with balances over 10.0 ETH, we see that only 2.7%...
29 Dec 2021 2 minute read 0 comments Greenchic
Image Source Uniswap was one of the early DEXs to emerge in the Blockchain sphere Big Grand news for Polygon is that Uniswap, the No.#1 Defi application in layer 1 Ethereum would launch on the Polygon network. This news, got me thinking of the earl...
21 Dec 2021 3 minute read 4 comments Rekt
For those of us who've been in the blockchain space for years, it's important now that the eye of the world are on NFTs proceed with our NFT-facing projects the right way. That means asking what our end goals are. They should be to uplift the b...
21 Dec 2021 2 minute read 1 comment xuanling11
Uniswap is a decentralized finance protocol for decentralized cryptocurrencies exchange. It makes automatical exchange viable without third-party interference. It operates as its own market and provides services without any human interference besides...
