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.


Make the Most of NOW: Adding Liquidity to Uniswap

4 Dec 2020 1 minute read 0 comments ChangeNOW

Originally published in the ChangeNOW blogAs you may know, ChangeNOW has just integrated with Uniswap, a prominent and evergrowing DEX. On top of everything else, this integration resulted in NOW tokens becoming even more accessible — from now on, ev...

Introducing Base Protocol - Uniswap top 15 volume project

4 Dec 2020 2 minute read 0 comments cryptopediabd

Website | Github | Whitepaper | Twitter | Telegram What is Base Protocol? After launching in uniswap, It goes top 15 tokens according to 24 hours trading volume. Base Protocol is a synthetic crypto asset that derives its worth from the entire market...

Integration Announcement: ChangeNOW Welcomes Uniswap

3 Dec 2020 1 minute read 0 comments ChangeNOW

Originally published in the ChangeNOW blog We are proud to announce a new ChangeNOW integration with a prominent decentralized exchange Uniswap! Thrilled as we are to work with the best instant swap services on the market, integrating Uniswap’s engin...

Uniswap Explained in 60 Seconds

3 Dec 2020 1 minute read 1 comment CryptoSlackers

  Uniswap is a decentralized exchange built on Ethereum that allows for easy and quick swapping of ERC-20 tokens at market prices using an automated market-making protocol. Decentralized trading is made possible by users who provide liquidity in the...

Google Play Store becomes a minefield with crypto scam apps

2 Dec 2020 1 minute read 3 comments ircrp

  Further to the news highlighting a fake Uniswap application on Google Play Store has yielded at least $20,000 into the pockets of scammers, there are increasing reports of new fake popular applications attempting to scam people out of their private...

I CLAIM 400 UNI ON MY TRUST WALLET

1 Dec 2020 1 minute read 8 comments Marekiaro

Uniswap is a decentralized (DEX), Market Maker-type protocol for automated liquidity provision, designed to remove some common barriers in DeFi such as intermediaries and prioritization challenges.     Have you already heard of Uniswap? If you still...

How to Use WanSwap - Wanchain's Cross-chain DEX

1 Dec 2020 2 minute read 2 comments Wanchainer

In this guide, we will explain how to use the WanSwap user interface. Getting started Before you get started you need to have the WanMask browser plugin installed and your wallet setup. Navigate to https://wanswap.finance/ to start and cli...

$YFDAO-Faming, Mining and Staking

29 Nov 2020 1 minute read 0 comments KingKD

The fix  $YFDAO Here for financial freedom and the propagation of technology done by the whole $YFDAO Community, the community runs farming protocol using buybacks and deflations. This enables the participants the ability to select the hottest latest...

Impermanent Loss: one of the Liquidity Provider's risks

29 Nov 2020 4 minute read 3 comments alturn

With the explosion of DeFi, one platform that has aroused particular interest is Uniswap, which is a decentralized protocol executed on the Ethereum network in 2018. In order to provide a completely decentralized service (so called DEX, Decentralized...

Uniswap is punching it out in the Dex arena

24 Nov 2020 1 minute read 0 comments ManuelAR

The Dex arena never gets boring. Uniswap’s supremacy in this sector has made it the undisputed champion. And there is no shortage of challengers vying for a shot at the title. Now, as Uniswap’s position is well established, they opted to cut the UNI...