Latest Posts with Uniswap tag

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.


Uni V3 liquidity - be careful of price range you set

1 Jun 2021 1 minute read 2 comments Smendel

If you were ever a defi liquidity provider, you will know how impermanent loss can affect your total profit.  I participated some mining in different chains, eventually, it was heart broken to find out that the impermanent loss had always surpassed t...

Daily News Roundup - May 31

31 May 2021 3 minute read 5 comments Abhimanyu Krishnan

The crypto market has experienced another volatile week, with several notable developments happening in both the Bitcoin and Ethereum spheres. Here's a roundup of all that's been happening. 1. BSC DeFi Project Belt Finance Loses a Total of $50M in Fl...

Decentralized Finance Which Fought their way UP

30 May 2021 2 minute read 2 comments Defiant Pathfinder

It is so exciting Seeing how Decentralized Finance (DeFi) fought their way to the top. Its no lie that DeFi is making headlines these days as investors and traders are now much into it. How Did they Manage to Do So Back in the days even up to now inv...

Migrating to Uniswap V3: AKA Things to do when Ethereum (ETH) gas fees are low!

30 May 2021 3 minute read 0 comments bengy

  Uniswap V3 launched a little while back which offered liquidity providers a way to concentrate their assets into a much narrower band of prices instead of covering the complete infinity range of V2. This means that you have much better capital e...

Top 6 DeFi with the Highest Value of Locked Assets

27 May 2021 1 minute read 1 comment Defiant Pathfinder

Hi guys, welcome back to my blog and for those who are new you are welcome. There is no doubt that DeFi is now making too much noise and its demanding everyone's attention as people always wanted something which is fully decentralized, something whic...

Decentralized Finance Tokens On the Road to Recovery

27 May 2021 1 minute read 0 comments Defiant Pathfinder

Recently we witnessed when the market crashed and we saw the whole of the crypto market fall and investors pulled of their investment as they were taking their profits and the total market capitalization decreased and currently its at $1,762,245,576,...

May 26th: Uniswap beats Bitcoin... twice! BlackRock & Apple getting into crypto? Got $1.5B to spend on crypto?

27 May 2021 1 minute read 0 comments Dahveed

While many investment banks are diving deep, the world’s largest asset manager, BlackRock is still studying Bitcoin. Specifically, it’s studying how to offer a fund that exactly mirrors Bitcoin’s price movement but charges a 5% fee and keeps half of...

What are Governance Tokens and how do they operate?

26 May 2021 2 minute read 3 comments Defiant Pathfinder

Hi fellas hope i find you well, and for those who are new to my Blog welcome. In this article i am going to explain what are governance token and how they are used. What are Governance Tokens? These are coins created by the developers of a certain pr...

Why are Ethereum Gas Fees so High?

25 May 2021 1 minute read 1 comment Defiant Pathfinder

Ethereum is the second largest crypto currency in the crypto sector and it is not just like Bitcoin which is only used as a payment system. Ethereum is now into smart contracts and newly created Tokens most of them are running on the Ethereum blockch...

The Only Tools You Need To Find BSC & ETH 100X Gems But Be Careful. You Can Be Rugged Or Rekt?

24 May 2021 2 minute read 0 comments surpassinggoogle

The Only Tools You Need To Find BSC & ETH 100X Gems But Be Careful. You Can Be Rugged Or Rekt? #binancesmartchain #ethereum #cryptocurrency Many look for tools whereupon they can find binance smart chain and ethereum cryptocurrency gems early, wheth...