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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.
13 Apr 2021 1 minute read 0 comments The Lynx
This "is Unlike any Market debut Wall Street Has Ever Seen" is the headline of today's article on CNCB.com. This is in reference to Coinbase (COIN) going public tomorrow. Why would a cryptocurrency exchange go public? This chart says everything: T...
11 Apr 2021 9 minute read 5 comments TrevorBalthrop
Hello, out there in the world of Crypto! My name is Trevor and today I have HUGE news for Alt Coins and Crypto!"Well, come on now Trevor! What's the big deal?"Hodl your horse's people, I will get to that in a minute I promise 😅But first!If you like...
10 Apr 2021 6 minute read 6 comments Ether Girl
INTRODUCTION Liquidity mining has become a huge aspect of the pioneering De-Fi space that continues to grow in not only size, but also in innovation. Despite the "amazing returns" that many platforms tout, being a liquidity provider comes with a set...
8 Apr 2021 1 minute read 2 comments MadMaxx
Trading doesn't have to be hard at all. The market just dumped, and many of you were caught in the dump, losing your money. This shouldn't happen at all. To start making money in the markets, you can join my inner circle of traders. I give daily mark...
6 Apr 2021 2 minute read 0 comments MadMaxx
Here's a little secret I want to share with you: You're missing out! "On what Max?", you ask. "What am I missing out on?" Well, I'll tell you. FREE profits! You see, you haven't enrolled to get my Uniswap bot, that has just 5 units left. And that bot...
4 Apr 2021 3 minute read 0 comments Shahzad Noor
Here I will discuss some trending and top coins of march 2021. As we know that the month of March has ended so here are some coins which performed well in this month. Let's start our count down. IOST Token The first one in our counting is the IO...
3 Apr 2021 1 minute read 1 comment StarkMatan
Picture this, you've encountred a cool project, with a low market cap, a dedicated team of developers, a roadmap of momentous updates, a large community and a low-entrance price for the coin. You've done your research and want to try your luck and bu...
31 Mar 2021 1 minute read 2 comments Dahveed
Well, it had to have happened sooner or later: penis-based NFTs are here. The highest bids are at — duh — 69 ETH for Pixel Peen, Elong Peen, and Doge Peen. Finally — a desirable dick pick. ***** In DeFi soap oper news: Delta.financial caused a tradi...
31 Mar 2021 3 minute read 5 comments paragism
Uniswap V1 was launched in November 2018. It was the first proof-of-concept for Automated Market Makers (AMM) and became a hit since its launch due to its novelty. V2 was launched in May 2020 and the upgrade brought significant structural improvement...
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. ...
