Latest Posts with Uniswap tag

Uniswap (UNI)

570 Articles 25,622 Followers

Uniswap Logo
uni
usd

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.


Short Analysis on Uniswap V2 & V3

6 Jun 2021 1 minute read 3 comments Defiant Pathfinder

Uniswap is a Decentralized Finance(DeFi) which is into token swapping and it is into yield token yield farming so investors can provide liquidity in Uniswap and they get rewards over time. It has been upgrading, recently it launched Uniswap Version 3...

What happened to Uniswap and Ethereum in the past hours

4 Jun 2021 1 minute read 2 comments Defiant Pathfinder

At times you must be able to decipher decrypted chart patterns because nothing comes on a silver platter. You might be presented bullish or bearish chart patterns but do not just fall prey, you have to look beyond those charts and try to think what c...

Uniswap 50 % Discount

4 Jun 2021 1 minute read 8 comments 416Bitcoin

AAX Exchange is truly becoming a major player within the cryptocurrency world For the past few months AAX has been improving its website and increasing the number of trading pairs. Some Recent Additions  with the last month are🚀Civic (CVC) 🚀PancakeSw...

Capitalizing and Maximizing on Non Fungible Tokens & DeFI Swap Tokens

2 Jun 2021 1 minute read 1 comment Defiant Pathfinder

Its not a lie when its being said "Early birds catch the fattest worms". Punctuality and Timing matters most when it comes too crypto asset investing. I always remind people of what happened with Bitcoin for those who jumped earlier when it was still...

Uni V3 liquidity - be careful of price range you set

1 Jun 2021 1 minute read 2 comments Smendel

If you were ever a defi liquidity provider, you will know how impermanent loss can affect your total profit.  I participated some mining in different chains, eventually, it was heart broken to find out that the impermanent loss had always surpassed t...

Daily News Roundup - May 31

31 May 2021 3 minute read 5 comments Abhimanyu Krishnan

The crypto market has experienced another volatile week, with several notable developments happening in both the Bitcoin and Ethereum spheres. Here's a roundup of all that's been happening. 1. BSC DeFi Project Belt Finance Loses a Total of $50M in Fl...

Decentralized Finance Which Fought their way UP

30 May 2021 2 minute read 2 comments Defiant Pathfinder

It is so exciting Seeing how Decentralized Finance (DeFi) fought their way to the top. Its no lie that DeFi is making headlines these days as investors and traders are now much into it. How Did they Manage to Do So Back in the days even up to now inv...

Migrating to Uniswap V3: AKA Things to do when Ethereum (ETH) gas fees are low!

30 May 2021 3 minute read 0 comments bengy

  Uniswap V3 launched a little while back which offered liquidity providers a way to concentrate their assets into a much narrower band of prices instead of covering the complete infinity range of V2. This means that you have much better capital e...

Top 6 DeFi with the Highest Value of Locked Assets

27 May 2021 1 minute read 1 comment Defiant Pathfinder

Hi guys, welcome back to my blog and for those who are new you are welcome. There is no doubt that DeFi is now making too much noise and its demanding everyone's attention as people always wanted something which is fully decentralized, something whic...

Decentralized Finance Tokens On the Road to Recovery

27 May 2021 1 minute read 0 comments Defiant Pathfinder

Recently we witnessed when the market crashed and we saw the whole of the crypto market fall and investors pulled of their investment as they were taking their profits and the total market capitalization decreased and currently its at $1,762,245,576,...