Latest Posts with Uniswap tag

Uniswap (UNI)

294 Articles 255 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.


Tracking your Investments with Defi Snap

9 Feb 2020 1 minute read 0 comments Bitcoin Faucets

If you've become hooked by the recent innovations in the Ethereum Defi (Decentralized Finance) realm, there's a cool tool that you should really know about.  When you have a range of investments, it becomes time consuming and fiddly to constantly kee...

Reviewhunt: Now on Uniswap DEX

5 Feb 2020 1 minute read 0 comments favicon

I already made $20.80 on ReviewHunt since the Relaunch. It's super super good, and working - but what to do with the tokens? Until today it was only tradeable on some obscure KYC Korean exchange, but this has changed now. Someone started a DEX based...

Uniswap: 2 month review

1 Feb 2020 7 minute read 2 comments bengy

Source   I had first heard of Uniswap (a novel take on the decentralised exchange (DEX) based on the Ethereum blockchain) on a podcast of Unchained where the host Laura Shen interviewed the developer of Uniswap (Hayden Adams) about the project. At t...

How To Use Uniswap.io (featuring Unibright $UBT)

23 Jan 2020 1 minute read 0 comments Dan

Uniswap.io a decentralised exchange where you can swap any ERC20 token for Ethereum or other ERC20. Or vice versa. Using Liquidity Pools. It is available worldwide and has no KYC restrictions at present.   How it works Uniswap is made up of a series...

I Choose Uniswap for the BestDApp

16 Dec 2019 7 minute read 40 comments The Part Time Economist

Each different cryptocurrency and project can be thought of as a “key” that unlocks a certain functionality. The Basic Attention Token unlocks the ability to purchase ads on the Brave browser, the DAI stablecoin unlocks the ability to participate in...

Uniswap Exchange and how to make profits with it.

11 Oct 2019 1 minute read 1 comment Sergi Pantoja

  Have you heard about Uniswap Decentralized Exchange? If the answer is no, this post might be of your interest and if you already knew about it, maybe there is something you didn't understand well enough and this reading will clarify your doubts.   ...

Bringing Cryptocurrencies to Life: Uniswap

24 Mar 2019 4 minute read 7 comments Niklas Spille-Scheich

"Use this magical internet money of ours", they said, "you can use it in every place you visit in this world" (as long as it provides internet access). That's a great vision of what Cryptocurrencies might achieve in real life one day. Cryptocurrencie...

Top 20 tokens by trading volume on Uniswap DEX

30 Sep 2020 1 minute read 0 comments busyjordy

As Uniswap Exchange just surpassed 1 billion dollars in locked assets, we take a look at the top 20 tokens currently traded on the exchange (ranked by volume)

UNI Airdrop opens a new phase of DeFi and AESwap is set to become aelf’s trump card to up its DeFi game

27 Sep 2020 2 minute read 3 comments aelf_blockchain

Today, decentralized exchange Uniswap officially released its governance token UNI. Due to the popularity of the UNI airdrop, the gas fee for a single transfer has been pushed up to 660gwei, about $5.27. With the release of Uniswap’s token, the DeFi...

UNI Token Surges Despite High Percentage Of Exchanged Airdropped Tokens

25 Sep 2020 1 minute read 0 comments CryptoBrowser

Nearly 80% Of All Distributed Airdrop Tokens Were Claimed By The Rewarded Users Within A Week   Uniswap, one of DeFi’s leading lending protocols, conducted a massive 150 million token Airdrop campaign with 78% sold out and traded rate of all rewarded...