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.


Uniswap (UNI) Evolution: AMMs, Concentrated Liquidity, and Hooks

8 Aug 2023 4 minute read 2 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

Uniswap blocks HEX trades after SEC announcement

4 Aug 2023 1 minute read 2 comments Kovichni

Ahh good old Hex is in the headlines again. Last year I almost wrote a piece on their Nascar debacle which seriously gave me some good laughs. It was a publicity stunt of I think the Hex community or influencers or something, who decided to pool half...

Make the Switch: Complete Step by Step Guide To Convert Spot and Ampleforth

24 Jul 2023 2 minute read 4 comments bitbucket

You will need around $10 –15 worth of ETH for paying gas fees and completely bridging both your SPOT and Ampleforth. I will completely explain how someone like me, or you can swap ERC Token obtained from Publish0x or from centralized exchanges, and t...

UniswapX: Removing Pools and Bridges?!?!?!

23 Jul 2023 3 minute read 0 comments bengy

Unsplash     Unsplash   Holy Moly... I just listened to a podcast that introduced the UniSwapX Protocol that I think was announced recently at EthCC, and it is quite a huge technical leap forward for Ethereum (and by extension other chains wh...

The Best Decentralized Exchanges to Swap AMPL

1 Jul 2023 1 minute read 1 comment cybercrypto

  Ampleforth (AMPL) is a decentralized cryptocurrency that is designed to maintain a stable value relative to the US dollar. This is done through a unique algorithm that adjusts the supply of AMPL in circulation based on demand. One of the benefits...

Why the Future of Cryptocurrency Trading Belongs to Perpetual DEXs

22 Jun 2023 1 minute read 2 comments bitbucket

Perpetual DEXs allows users to trade with leverages, over the additional benefits of DEXs. These are a newer form of DEXs providing transparent, and permissionless trading environment, meaning that it has no restrictions like centralized exchanges. G...

UNI Relies On An Automated Market Maker (AMM)

21 Jun 2023 1 minute read 0 comments stag89

UNI is connected to a decentralized exchange platform allowing traders to exchange tokens on a peer-to-peer model. In other words, investors can buy and sell cryptocurrencies on UniSwap's platform through a 100% decentralized operation. Unlike most c...

Meme-Coin Mania: How to Identify Profitable and Legit Investments

21 Jun 2023 1 minute read 4 comments bitbucket

In the earlier guide, I mentioned how to safeguard your coins while using DEXs and avoiding phishing scams. This will be on identifying rug-pulls while trading memecoins in DEXs.  Launching a token inside Ethereum mainnet is quite expensive, making i...

The Dark Side of DEX: How to Avoid Losing Your Crypto to Scams and Hacks

19 Jun 2023 1 minute read 2 comments bitbucket

In the earlier guide, I mentioned how decentralized exchanges work perfectly fine with Metamask. This will be on safeguarding your coins while using DEXs and avoiding phishing scams.   Decentralized exchanges are also the home for spyware attacks, sc...

Secure Trading on DEXs: A MetaMask Walkthrough

18 Jun 2023 1 minute read 0 comments bitbucket

In the earlier guide, I mentioned how you can securely store your Seed Phrases/Private Keys. This will be on how you can use something like Metamask for trading on decentralized exchanges.  You may and will want to use decentralized exchanges for qui...