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.

Decentralized Finance Exchange vs Cetralized Finance Exchange Platforms

24 May 2021 1 minute read 0 comments Defiant Pathfinder

Hi guys i am back again, i hope you are all well. On this article i am going to look and do the comparison on Decentralized Finance Exchange Platforms and Centralized Finance Exchange Platforms. In these crypto industries we have a lot of exchange pl...

How Decentralised Exchanges Work: Uniswap Case Study

24 May 2021 4 minute read 0 comments Heath Muchena

Welcome. If you’re new to Decentralized Africa’s Case Studies, allow us to take a look at certain decentralized technologies and simplify how they operate. In this piece, we are going to look at Uniswap, a name that is almost unavoidable in the DeFi...

The Dark Side of Swapping and Sending ERC-20 Tokens

23 May 2021 1 minute read 10 comments Defiant Pathfinder

I do not know how i should say it but these ERC-20 Tokens owning them is so stressful, It might sound weird but that is the naked truth. Whenever you own them you will be happy that i now have my tokens when the price goes up i will make some money w...

Top 4 DeFi Analysis: Uniswap, Chainlink, Wrapped Bitcoin & Aave

22 May 2021 1 minute read 0 comments Defiant Pathfinder

Hi i am back again and today i decided to analyze the top 4 Decentralized Finance token to see what is their current position and their future. I selected the top 4 ranked with market capitalization, so i am going to share my thoughts and you are wel...

No more astronomical gas fees - try the MATIC Network

21 May 2021 1 minute read 0 comments Marximus

We all know the big problem the Ethereum network has right now: incredibly high gas fees, that essentially exclude the small guys from using dApps. Just two days ago average speed via was 1000gwei, making a simple swap...

Top 4 Decentralized Exchanges

18 May 2021 1 minute read 2 comments Defiant Pathfinder

In this article i am going to talk about 4 Decentralized Exchanges (DEX) which seem to be the best and promising out of the rest. We have about 63 DEXs but i came up with only 4, so i am going to explain why i see these as the best and promising. Wha...

Fear and Greed

18 May 2021 2 minute read 0 comments alquimista1501

For more than three days now, Bitcoin (BTC) and other cryptocurrencies have been experiencing a drastic drop, falling below $43,000 per unit. Beyond several unexpected situations such as Elon Musk's statements or the poor understanding of BTC consump...

Will the DeFi Tokens dominate the Crypto Market

17 May 2021 1 minute read 2 comments Defiant Pathfinder

The DeFi is making headlines these days as we see new  tokens being introduced each and everyday. Numbers do not lie we can see that if we check the capitalization of all DeFi tokens. The current capitalization is $129,701,145,619 and this shows that...

How Uniswap is 'confiscating' tokens from LPs

12 May 2021 2 minute read 5 comments ScreenTag

So, you decided to become a liquidity provider on Uniswap and earn some interest for your dust-gathering tokens. You are promised a proportional share of the 0.3% fee Uniswap charges its users (although in reality it's much more than that), but as wi...

Updates Introduced By Uniswap V3: How To Provide Liquidity

12 May 2021 1 minute read 4 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

Uniswap with its new version tries to revolutionize DeFi, since its throne has been questioned by the Binance Smart Chain and by the innovations introduced by PancakeSwap.One of the novelties of Uniswap V3 is the concept of "concentrated liquidity". ...