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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.
12 Dec 2020 1 minute read 0 comments tony80
General fall of all cryptocurrencies, something that seems usual in this month of December, after a big rise there is always a correction in the graph, we will soon see a recovery even so the percentage of Sushiswap has not been very low compared t...
12 Dec 2020 1 minute read 0 comments NULS
Dear NerveNetwork Community, In order to promote the application of NerveNetwork cross-chain scenarios and the liquidity of NVT assets, we added NVT-ETH UNI-V2-LP / NVT-BNB Cake-LP assets to participate in the main network cross-chain stake. The ne...
9 Dec 2020 4 minute read 1 comment JaksHitam
Yield farming includes loaning digital money. Consequently, you get interest and at times charges, however they're less critical than the act of enhancing interest with freebees of units of another cryptographic money. The genuine result comes if tha...
8 Dec 2020 3 minute read 7 comments ircrp
Around the time of Christmas when the online shopping activity tends to be at its highest during the year, the trend also tends to be reflected in terms of scammers and cyber criminals activity. With that we will take a look at few ongoing problems...
7 Dec 2020 2 minute read 0 comments JaksHitam
Introduction Yearn Finance is a set-up of items in Decentralized Finance (DeFi) that gives loaning total, yield age, and protection on the Ethereum blockchain. The convention is kept up by different autonomous engineers and is administered by YFI hol...
5 Dec 2020 3 minute read 2 comments ChangeNOW
Originally published in the ChangeNOW blogIn today’s cryptocurrency market, everybody is trying to beef up their crypto holdings. Actually, there are five ways to do so if you are interested in getting some NOW tokens. Four of them imply using the pl...
5 Dec 2020 3 minute read 1 comment Roberto D.
What are the news that may involve the crypto world in the next year, namely 2021? Here is everything you need to know about it. Knowing this information will make it easy to prepare for the next few months. What will the price of bitcoins be in the...
4 Dec 2020 1 minute read 0 comments ChangeNOW
Originally published in the ChangeNOW blogAs you may know, ChangeNOW has just integrated with Uniswap, a prominent and evergrowing DEX. On top of everything else, this integration resulted in NOW tokens becoming even more accessible — from now on, ev...
4 Dec 2020 2 minute read 0 comments cryptopediabd
Website | Github | Whitepaper | Twitter | Telegram What is Base Protocol? After launching in uniswap, It goes top 15 tokens according to 24 hours trading volume. Base Protocol is a synthetic crypto asset that derives its worth from the entire market...
3 Dec 2020 1 minute read 0 comments ChangeNOW
Originally published in the ChangeNOW blog We are proud to announce a new ChangeNOW integration with a prominent decentralized exchange Uniswap! Thrilled as we are to work with the best instant swap services on the market, integrating Uniswap’s engin...
