731 Articles 86,600 Followers
$7.76
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.
18 May 2021 2 minute read 0 comments alquimista1501
For more than three days now, Bitcoin (BTC) and other cryptocurrencies have been experiencing a drastic drop, falling below $43,000 per unit. Beyond several unexpected situations such as Elon Musk's statements or the poor understanding of BTC consump...
17 May 2021 1 minute read 2 comments Defiant Pathfinder
The DeFi is making headlines these days as we see new tokens being introduced each and everyday. Numbers do not lie we can see that if we check the capitalization of all DeFi tokens. The current capitalization is $129,701,145,619 and this shows that...
12 May 2021 2 minute read 7 comments ScreenTag
So, you decided to become a liquidity provider on Uniswap and earn some interest for your dust-gathering tokens. You are promised a proportional share of the 0.3% fee Uniswap charges its users (although in reality it's much more than that), but as wi...
12 May 2021 1 minute read 4 comments ☑️0🆇D̺͈͙͕̿ͧ̑ͣ🅰🆅🅸🅳eͤ
Uniswap with its new version tries to revolutionize DeFi, since its throne has been questioned by the Binance Smart Chain and by the innovations introduced by PancakeSwap.One of the novelties of Uniswap V3 is the concept of "concentrated liquidity". ...
11 May 2021 1 minute read 2 comments kingscrown
SUBSCRIBE TO CHANNEL NOW - https://www.youtube.com/c/FinancialUndergroundKingdomCrypto - CLICK HERE TO SUBSCRIBE -------------------------------------------- To celebrate the listing of SHIB on OKEx this week, we’re giving away 1 BTC and 10 iPhone...
10 May 2021 3 minute read 3 comments Dapp.com
In 2020, Uniswap V2 introduced new features and optimizations, setting the stage for exponential growth in AMM adoption. V2 has soon become the leader in the DEX space. On 5th May 2021, Uniswap V3 was officially launched. What new features does...
10 May 2021 4 minute read 11 comments RelyOnCrypto
UniSwap is undoubtedly one of the most relevant and widely debated Decentralized Finance projects. UniSwap is a protocol for decentralized token exchange on the Ethereum Blockchain. UniSwap is a decentralized, permissionless, and censorship-resistant...
9 May 2021 5 minute read 1 comment RockHoward
LP Royale is a learning game that simulates liquidity providing using real world data from Uniswap. The game is provided by APY.vision which is an outfit that helps liquidity providers monitor their positions on a variety of exchanges and networks. I...
9 May 2021 1 minute read 4 comments kelcrypto
Is the Uniswap platform a good place to do transactions? For me as a first time user, my analysis is not, it's a platform where you can lose your assets without any recompense. Luckily for me I lost only a small amount. So I lost $78 and it might no...
7 May 2021 1 minute read 2 comments Clemnms51
Lots of people interested by crypto and blockchain were waiting for it, Uniswap v3 update is now LIVE. What will this change ? As you know it, the main problem while you use Uniswap is the fact that the gaz fees are pretty high. Indeed, the Block...
