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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.
1 Nov 2020 1 minute read 4 comments ircrp
Further to the recent rise of the Ledger email phishing campaigns the attackers appear to be now also shifting towards using the leaked mobile phones and crafting SMS phishing campaigns. As of the evening of Sunday 1st November 2020 there appears t...
1 Nov 2020 1 minute read 0 comments alquimista1501
It is always good to remember the benefits that decentralized finance (DeFi) has contributed throughout this year. Since this period is an interesting period to remember in our history, the great contribution that this cryptographic branch has had in...
31 Oct 2020 1 minute read 1 comment ircrp
Security researchers from Google's Project Zero have disclosed Windows exploit which is yet unpatched and thought to be actively used in in the wild to exploit Windows operating systems. The vulnerability is tracked under CVE-2020-17087 and combine...
31 Oct 2020 1 minute read 0 comments Suryakantdalai
Remember to read the date of this post carefully. In this post, you will get the live price of daily UNI. We also provide you with the UNI's market capitalization, weekly, monthly value, trading volume, peak and lowest prices and trading volume. We a...
30 Oct 2020 1 minute read 1 comment Derpitor
I am staring a bit of an experiment to see if I can highlight the craziness of Uniswap. Don't get me wrong; Uniswap is amazing for a lot of things, but also has a lot of issues: Fake tokens trying to mimic other projects Smart contracts that sca...
30 Oct 2020 1 minute read 0 comments ircrp
An ongoing governance voting for second ever proposal by the Uniswap community is set to close for voting by the Halloween and expected to decide whether additional 12,619 users of the initial distribution should be eligible for the Airdrop as well. ...
30 Oct 2020 1 minute read 20 comments author_nan
Uniswap is about to see its second governance proposal succeed, as a governance decision to retroactively airdrop UNI tokens to third party users of the exchange comes to a close on October 31. DeFi platform Dharma initiated a governance proposal to...
30 Oct 2020 4 minute read 7 comments Simplify Crypto
Decentralized finance has been one of the most talked about subjects in recent months in the crypto world. They quickly attracted attention and a large amount of money to their protocols, which aim to represent tools and applications in the centraliz...
28 Oct 2020 1 minute read 1 comment tux3do.crypto
Happy Farmer is a very unusual experiment. We bring together wildly popular DeFi yield farming and. actual farming! Staking crypto in our Uniswap pools, you earn more than 100% a year in HPF tokens. And a part of the proceeds from trading fees goes t...
28 Oct 2020 1 minute read 0 comments 528Beats
Image SourceZlot Finance is a platform for Hegic holders with small amounts, to pool their hegic and receive zhegic to represent their share in the pool.888000 hegic is required to aquire a hegic lot wich pays rewards in btc or ethereum. Your share r...
