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.

My Top 3 Android Crypto Wallets

17 Oct 2023 2 minute read 1 comment Cryptofab

This post was initially published on Medium. Crypto airdrops are a great way to earn free cryptocurrency. They are typically distributed to users of certain crypto wallets or exchanges, or to those who complete certain tasks, such as following social...

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17 Oct 2023 3 minute read 8 comments CryptoEntrepreneurs

Uniswap, the most popular decentralized exchange (DEX) in the world, in its version 4, includes a series of improvements and new features, however, one of them has generated great debate and controversy among the user community: the verification syst...

Some Strategies On Uniswap V3: Buying And Selling Through LP

11 Oct 2023 2 minute read 2 comments ☑️0🆇D̺͈͙͕̿ͧ̑ͣ🅰🆅🅸🅳eͤ

If you use liquidity pools in DeFi, you surely know that impermanent loss is the imbalance of a pool that swaps our coins as their values diverge. If you provide 1 ETH liquidity (let's assume $2000), you will also need to provide 2000 USDT. This pair...

Earn Crypto While You Sleep - The Best Passive Income Strategies for 2023

27 Sep 2023 1 minute read 2 comments Cryptofab

  This post was first published on Medium. Follow me also on Medium by clicking here to get more insights on crypto and passive income. I've been in the crypto game for a few years now, and I've learned a lot about how to earn passive income with c...

The Uniswap Court Victory And Its Case For Crypto

5 Sep 2023 3 minute read 0 comments 0xVince

The Uniswap DEX (Decentralized Exchange) was found not liable for crypto scams on their platform. A class action lawsuit was filed by a group of investors against the DEX after losing money on tokens purchased. On Tuesday, August 29, 2023, Judge Kath...

Testify for August LOVE to the Publish0x!!! crash n burn face plant we miss you Watch Army!!!

4 Sep 2023 1 minute read 9 comments Dave Sawyer

Mighty Watch Army,  we miss our rides!! May have had a breakthru and can come BAAAAACCCCCCKKKKKK!!!    Oh man cryptonauts we miss our love thang.  Paying the rent writing has been a blessing but we folded like a cheap suit trying to keep up with our...

5 things I learnt about Uniswap

3 Sep 2023 1 minute read 0 comments cryotosensei

5 things I learnt about Uniswap • ⁠Uniswap is the world’s largest decentralised exchange. People use it to buy coins that are not available on CEXes yet. • ⁠It’s the OG. It developed smart contracts (v2 and v3) and interfaces and got them audited and...

Bitcoin and Ethereum as "Commodities": Classifies US Court in Uniswap Lawsuit

31 Aug 2023 2 minute read 1 comment Coins Reporter

In a significant development for the crypto industry, a New York court has officially recognized both Ethereum (ETH) and Bitcoin (BTC) as commodities. The court's ruling came as part of dismissing a proposed class-action lawsuit against decentralized...

🦄 UNI: 💎 The Diamond Standard in the World of Decentralized Finance 🌍💸

18 Aug 2023 2 minute read 0 comments DeFi Inquisitor

Uniswap, represented by its native token UNI, has emerged as a key player in the decentralized finance (DeFi) sector. Its role is akin to that of a diamond in the world of precious stones — just as a diamond is the hardest known substance and often f...

Dex223 is a new decentralized exchange that will be deployed on Ethereum chain

16 Aug 2023 3 minute read 0 comments SkyPirl Official

Dexaran   DEX223 Explanation Following the announcement of Dex223 announcement I would like to address the questions that may arise in the community. Dex223: description & goals Dex223 is a new decentralized exchange that will be deployed on Ethereum...