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.

Top 5 DAPPS By Active Users

29 Mar 2021 1 minute read 1 comment Saikot

A decentralized app or project is an application or system that runs on a distributed network. It's not hosted on a centralized network, but instead on a decentralized network, which does not require any traditional records to transaction. After dece...

Uniswap daily transaction fees exceed Bitcoin’s for the first time

29 Mar 2021 1 minute read 1 comment FxCryptoNews

Popular decentralized exchange Uniswap has surpassed Bitcoin in daily transaction fees generated on the platform. This is the first time that it will surpass bitcoin in this metric and shows the growing problems of gas fees on the Ethereum network. ...

Liquidity Pools 101 - How NOT to Lose Money

29 Mar 2021 4 minute read 3 comments GabrielHaines

      What is a Liquidity Pool? Liquidity pools are paired crypto assets that are pooled together to facilitate the trading of particular token or coin sets on decentralized trading exchanges. The funds are provided by the various contributors and t...

Next Generation Cryptocurrency ...

27 Mar 2021 2 minute read 0 comments Nas.A

  Hello to my friends who love life and keep smiling despite all kinds of negativity. In this article, I will talk about the next generation ETF cryptocurrency "TENSET". I wanted to tell you about a cryptocurrency that caught my attention. First of a...

Pancakeswap vs Uniswap (26 march 2021)

27 Mar 2021 1 minute read 1 comment Saikot

Yesterday When I was opened my Twitter account. Suddenly I notice a tweet from pancakeswap. They retweeted that pancakeswap has more volume than uniswap.    Volume(24h) pancake:1.64B USDUni:1.16B USD   Total Value Locked (TVL) pancake: 4.29B USD Uni...

Top 15 Dapps based on active users | March-April 2021

26 Mar 2021 1 minute read 2 comments Pk24

  Hello Crypto world,   Today, i am going to present the top 15 dapps based on active users at the last 30 days. The list is from CRYPTODIFFER and DAPPRADAR.   1.  Uniswap (Close to 500k users, the top 10 crypto project) 2. TopShot (Flow for NFTs) 3....

A Look At Uniswap V3

25 Mar 2021 5 minute read 3 comments wiadromaster99

Uniswap has been the on the frontend of innovation when it comes to AMMs and this new update just proves that. A lot of action is now happening on the BSC, due to the small fees and fast operations, but ETH and Uniswap are still leading when it comes...

Cryptocurrency News (03/25)

25 Mar 2021 1 minute read 0 comments ampersandninja

UniSwap v3 Launch A few days ago saw the launch of UniSwap v3. The DeFi platform's governance token, UNI, surged to a new all-time high of $35.88, but quickly dropped down to $26.18 which puts it at its lowest in seven days. Currently, UniSwap sits a...

Uniswap V3 has arrived and gives wings to Ethereum DeFi

24 Mar 2021 1 minute read 0 comments Makingdigital

The Uniswap Exchange and its UNI governance token have caught the attention of many DeFi-loving investors in the last few hours. Finally comes the launch of the third layer or the third version of the protocol. An intense and significant rise that pu...

Uniswap v3 is on the way, definitely not miss out for the upcoming amazing features, concentrating your liquidity and much more

24 Mar 2021 1 minute read 1 comment treforest

Uniswap has huge defi users with growing TVL over time. However, the congestion problem of Ethereum network leads to expensive gas fees which force many traders with small amount assets leave the Ethereum-based market. Now there is good news hearing...