Uniswap (UNI)

723 Articles 82,802 Followers

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.


Liberland Dollar is Now Available on Uniswap!

16 Jun 2024 1 minute read 1 comment Liberland TV

Hundreds of millions of people can now buy LLD through Uniswap, no KYC required. Liberland Dollar (LLD) has just become much easier for you to acquire! The fuel of the Liberland ecosystem, LLD, is the currency of choice for running companies in...

Uniswap’s UNI Surges Over 15% as Whale Withdraws $1.96M from Binance

25 May 2024 1 minute read 0 comments Coinseek

In a week marked by consolidation across the cryptocurrency market, Uniswap’s native token, UNI, has defied the trend, surging over 15% and surpassing the $10 mark. This bullish run comes amid positive developments within the Ethereum ecosyst...

Breaking Crypto News: MetaMask, Rain Hack, Tether & Uniswap

17 May 2024 6 minute read 6 comments StealthEX

Welcome to our latest weekly crypto roundup, brought to you by StealthEX and CryptoDaily! In this edition, we’re spotlighting the biggest and most exciting news in the crypto world. Eager to learn about the news that’s making waves in the digital ass...

STYLE Protocol building to empower Gamers Closes $2.5M Seed and Lists Token on Major Exchanges

6 May 2024 3 minute read 1 comment Publish0x PRs

$STYLE now available on Bitget, MEXC and Uniswap Token allows owners to transform NFTs into assets used in any game Protocol builds on Polkadot for true interoperability and scalability   MAY 6, 2024 — Switzerland STYLE Protocol, which transforms...

Uniswap vs. SEC: Is this a DeFi disaster or a golden opportunity?

22 Apr 2024 1 minute read 2 comments Cyfab

Huge news just hit the DeFi world, and it involves Uniswap! The SEC is looking at them This could be bad... or it could be AMAZING. Here's why (and why you should check out my video): Clearer rules = More trust: Imagine investors actually trusting D...

Crypto Weekly Recap: Uniswap Served Wells Notice; SBF Appeals Judgement; 1inch Launches Debit Card; and More (April 7-13, 2024)

14 Apr 2024 4 minute read 0 comments MelegaSwap

Guess what? In just 10 days, Bitcoin ($BTC) is about to go through a big change called halving. It's currently trading at around $63,000, and some analysts are predicting a huge surge in price after the halving. They're saying it could go up by over...

Uniswap Saga: SEC attack on Decentralization!

13 Apr 2024 1 minute read 0 comments Novasky

There is this local saying we have here, if you want to sustain in this world, never share your treasure. This is in context of telling people about your blessings and good days and they are kind of bringing evil eye on you. And this kind of ends up...

The SEC Warns that its Next Target is Uniswap

11 Apr 2024 1 minute read 0 comments Talha.Khalid

The US Securities and Exchange Commission (SEC) sent a Wells notice to Uniswap, a move that, in itself, is an alert that the agency is considering taking legal action against the decentralized cryptocurrency exchange. This is part of the scrutiny tha...

Unpacking the Latest DEX Innovations: TWAMM and JIT

4 Apr 2024 4 minute read 1 comment Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $40/month you can upgrade to our FULL library of 60+ reports (including this one) and complete industry-leading ana...

Is Binance Still the King of Crypto Exchanges?

30 Mar 2024 1 minute read 0 comments Cyfab

So I was scrolling through the news feed today and saw this announcement about Binance launching a giveaway for Easter (click here to learn more). They're practically giving away free crypto! But with all the excitement, it got me thinking... is Bina...