746 Articles 89,174 Followers
$4.04
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.
5 Nov 2020 1 minute read 6 comments ircrp
With those using tools like Metamask for performing transaction on the Etherum blockchain, most will find out their initial journey will consists of few failures before they get it right. Most notably and annoyingly the transactions which tend to t...
5 Nov 2020 5 minute read 0 comments JaksHitam
The methodology of blockchain advancement and cryptographic cash have made more open entryways in which decentralized business areas may work. Typically, virtual business areas are not coordinated, which their supporters acknowledge is something to b...
5 Nov 2020 3 minute read 2 comments Parnassius
Yield farming is the hot thing to get money with your cryptocurrency, or that's what I thought in the first moment of my adventure in the wide and intricates subject that is Defi. My first approach to the subject was simple and straightforward, follo...
4 Nov 2020 3 minute read 1 comment Gato1
As long as Cryptocurrency exists, buying and selling will forever be a norm but the general challenge is the insecurities among the sellers and the buyers. This insecurity has caused a lot of harm than good such us unsuccessful deals leading to loss...
4 Nov 2020 1 minute read 2 comments Nas.A
Uniswap and My Experiences... Uniswap is Ethereum-based Ethereum protocol that emerged for the purpose of exchanging ERC-20 tokens. Uniswap has a decentralized structure. It works with a design called Constant Product Market Maker, which is...
3 Nov 2020 1 minute read 2 comments author_nan
DeFi on-ramp platform Dharma announced on November 2 that its US users can now purchase assets on Uniswap directly via their bank accounts. Users can buy up to $25,000 of any asset on Uniswap Users will only need to download the Dharma app and conne...
3 Nov 2020 4 minute read 10 comments Chenhuang_defi
Welcome to DeFi, a place where you can easily take out a $50 million loan with ZERO collateral. How? You can take out an uncollateralized loan of any size as long as you can repay it in the same transaction. Confused? Let's dig deeper. SourceOn 26 O...
2 Nov 2020 1 minute read 0 comments FreedomBuilder
🏦 STC is Already listed in Uniswap, waves Exchange & Kanga Exchange.📈 Uniswap: 📈 Kanga: 📈 Waves Exchange: 🎁 Total Rewards: Receive up to 10 STC & 5 STC for each Referral. ✅ Visit the Student Coin Airdrop page. ✨ Airdrop Terms and condit...
2 Nov 2020 4 minute read 1 comment DeFiNFTNews
What is “WanSwap”? Wanswap is a new decentralized exchange built with automated market making (AMM) modeled after the explosively popular Uniswap, and built on Wanchain blockchain. It in addition to the standard swapping and liquidity providing feat...
2 Nov 2020 1 minute read 0 comments author_nan
Uniswap’s second governance proposal, focused on retroactively airdropping UNI tokens to users, failed to pass following the voting period’s closure on October 31. The proposal put up for vote the decision to retroactively airdrop 400 UNI to users...
