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.


New Trending Coins on the Crypto market: Where and How to buy MILK2 and SHAKE

7 Feb 2021 2 minute read 2 comments SpaceSwap Captain

There is a new player in the CoinMarketCap Top Gainers list and the CoinGecko Top 30 Trending Searches, SpaceSwap. The project was launched in September 2020 but didn't catch much attention until now. This week, the SpaceSwap team released a new feat...

How To Connect Enjin Wallet With Uniswap

6 Feb 2021 2 minute read 5 comments Austin Reihl

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Why you NEED to start farming DPI on Harvest Finance. #CropSpotter

5 Feb 2021 4 minute read 7 comments EliteHodler

So you’re looking for a good pool to farm on? Well Harvest Finance has got you covered. The pool I have got my heart set on, and for good reason, is the DPI-ETH strategy on Harvest Finance. What is Harvest Finance? Harvest automatically farms the hig...

The Real DeFi Season Is Now Commencing

4 Feb 2021 2 minute read 24 comments Sapphire

Looking BackSome months ago I wrote an article highlighting the idea that the DeFi pump and dump we had just experienced was by no means a fad but just the first leg of a much bigger move. My prediction was that there would be a second wave of DeFi i...

How Does Uniswap Work?

4 Feb 2021 1 minute read 3 comments Austin Reihl

Uniswap (UNI) is a decentralized protocol for automated liquidity provision on the Ethereum (ETH) blockchain. In this article, we’ll take a look at the latest version of UNI and how it works. It’s safe to say UNI-V1 paved the way for its successor -...

Unicrypt Pioneers A Liquidity Locking Platform with A Fully Decentralized Launchpad

3 Feb 2021 4 minute read 0 comments Chriss

UniCrypt is a blockchain-based platform designed to offer the best solutions to the decentralized finance world. It's rich with opportunities for all crypto and DeFi enthusiasts to enjoy, and even currently, the platform is continually launching even...

Another Good News In The Crypto Community.

3 Feb 2021 3 minute read 3 comments Godsplan

  This recent period has been a great time for crypto currencies and many platforms are greatly updating their earning opportunities to help us earn enough. This time, the good news is from one of the oldest earning sites called FreeBitcoin.co.   Fre...

What Is an Automated Market Maker?

3 Feb 2021 2 minute read 1 comment Austin Reihl

Automated market-making protocols, such as Uniswap, have gained a lot of traction in the past year, a very positive development for many smaller projects to gain exposure without being listed on a traditional centralized exchange (CEX). In this artic...

How To Connect Coinbase With Uniswap

2 Feb 2021 2 minute read 3 comments Austin Reihl

Uniswap is by far the most popular decentralized exchange (DEX) on the planet, and by connecting UNI to a centralized exchange (CEX) such as Coinbase, you’ll be able to seamlessly trade any ERC-20 token directly within your wallet in no more than a f...

How to Avoid Buying Uniswap DeFi Scams in 2021

1 Feb 2021 6 minute read 3 comments Crypto Adventure

The fame that DeFi projects have amassed is quite the popularity, especially in the year 2020 after the crypto industry’s growth. There are over 1000 DeFi tokens circulating the crypto markets, with the total market cap set at $34.86 billion. Further...