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.

Give Some Attention To The Exchange Tokens: BNB, Uniswap Coin, HT And OKB All Taught Us A Lesson.

21 Feb 2021 5 minute read 29 comments Godsplan

  Hi everyone, I’m here again to spread some good news in the crypto market that maybe many of us might have not taken notice about. If we check generally, l can say the month of February had being a great month for bitcoin and its other alternative...

TELOS (TLOS) UniSwap Listing: More Exposure To The Most Powerful Blockchain's Token

19 Feb 2021 4 minute read 0 comments fycee

If the Phase 1 of the TULIP was a success bringing the TLOS price from $0.04 to a steady $0.25 (even reached $0.36) then there's more to come since the Phase 2 is about to happen this March! Bounce.Finance is a Decentralized Auction Protocol. A swap...

Pancake Beats Uniswap to Become the New King of AMMs

19 Feb 2021 1 minute read 0 comments xyzashu

  Uniswap had became such a strong brand in the space of AMMs that it has become a challenge not only for other AMM projects but also for several centralized exchanges. Uniswap has led the DeFi revolution by successfully establishing itself as the t...

What Is Uniswap?

16 Feb 2021 2 minute read 0 comments chris04

Uniswap is a decentralized exchange protocol built on Ethereum. Uniswap, like the other DEFI protocols, allows users to trade without intermediaries, with a high degree of decentralization and resistance to censorship and without any KYC. Uniswap wor...

A Pair of Extremely Expensive Socks

16 Feb 2021 1 minute read 0 comments alquimista1501

Non-fungible tokens (NFTs) are themselves a relatively new concept that forms and creates a new derivative of economics. They reflect the construction of a digital identity that gives reasons to expand in new ways the concept of blockchain technology...

What is Impermanent Loss?

14 Feb 2021 1 minute read 3 comments chris04

Anyone who invests in a decentralized market (DeFi) has almost certainly heard of this term.In fact, in an automated market maker (AMM) market, providing liquidity to a liquidity pool can be profitable, but the concept of temporary loss must be kept...

Curve holds on as #1 Dex platform

14 Feb 2021 1 minute read 1 comment ManuelAR

In previous posts we had become quite used to seeing Uniswap reigning supreme as the top DEX project in the Defi sphere as per DefiPulse. Even after “vampire” attacks Uniswap always seemed to manage to get back to the top spot in terms of Total Value...

Confused about Defi? An Easier Way to Earn Yield on Your Idle Crypto Savings

13 Feb 2021 3 minute read 1 comment Total-Quetzalcoatl

The dream of cryptocurrency is a totally decentralized, trustless, be-your-own-bank model of economic interaction. While bitcoin was the start of this promise, the Ethereum network gave the framework and platform to build the tools for the next steps...

Crypto School; Let's Learn The Secret Behind Crypto Currency Trading And Investment.

11 Feb 2021 3 minute read 2 comments Godsplan

  Good day everyone, today l’m here with another article. I prepared this article mainly on my experience ever since I started dealing with crypto. Most of us still don’t know the secret behind crypto trading and investment so I thought it is wise l...

Telos is coming to Uniswap after the successful T-Bond Sale

10 Feb 2021 2 minute read 0 comments Cryptotexty

TELOS T-Bonds sale has been completed as a huge success. In just over 10 days, all Telos T-Bonds were sold out, raising a grand total of 6.58184352 BTC. This amount was above the planned target and now the Telos team moves to the second phase two of...