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.

Spheorid Farming Model on the Uniswap Platform

1 May 2021 3 minute read 2 comments Spheroid Universe

1. A user adds liquidity to the SPH-ETH pool on Uniswap.2. A user receives income daily: in SPH and in ETH3. A user at any time and at his own expense can make a Claim of the accumulated farming (the first Claim can be made 7 days after the start of...

Pros and Cons of Crypto Tokens as Compared to Crypto Coins

30 Apr 2021 1 minute read 2 comments Defiant Pathfinder

A lot are always being caught up on the side of being resistance to change. When something new is introduced on the block it is good to take a glimpse and see if you can benefit directly from it. Whenever there are new things introduced mostly they w...

Pros and Cons of Buying Crypto currencies in their early stages

29 Apr 2021 1 minute read 0 comments Defiant Pathfinder

'The earliest birds catch the fattest worms', i am sure most of us are familiar with that phrase. This also applies in the crypto markets as the early adopters of a certain crypto listed on the markets, they tend to benefit more as compared to the la...

Top 3 Cryptocurrencies to watch out for in the current top 10

28 Apr 2021 1 minute read 3 comments Defiant Pathfinder

The crypto currency market is making wave these day as almost every altcoins are performing well. After the market took a dip, i never knew it will rebound this quick, the correction was quick as anticipated. Out of so many i took only 3 cryptos whic...

The Influence Of Central Bank Digital Currency (CBDC) On The Future Development Of Block Technology And The World Economic System

26 Apr 2021 4 minute read 2 comments Willson-Deng

According to data from the Bank for International Settlements (BIS), by mid-2020, 80% of central banks have joined the race to create a Central Bank Digital Currency (CBDC). The creation of Central Bank Digital Currency (CBDC) CBDC, short for Central...

Student Coin: Only 5 Days Left for Stake | Don't Miss Last Opportunities

26 Apr 2021 1 minute read 2 comments Kailash Mina

Hey Everyone, welcomes back to My blog Crypto Times and Hopes you Guys are doing Absolutely good. So This article on Student Coin: Only 5 Days Left for Stake Studen Coin It is the Crypto Platform that allows users to Create, Design, and Manage Person...

The Battle For DeFi Market Traffic Has Begun

22 Apr 2021 4 minute read 3 comments Willson-Deng

The term Decentralized Finance was born in August 2018 by Ethereum developers and entrepreneurs in the encrypted instant messaging English Telegram chat. This is a kind of blockchain-based finance. It does not rely on financial institutions such as b...

$AMPL holders can now claim free $FORTH governance tokens

21 Apr 2021 2 minute read 7 comments Qryqtx

Publish0x authors and readers alike are well aware of the Ampleforth token, abbreviated as $AMPL, which provides an elastic supply depending on current market demand. The DeFi token is deeply integrated into the Publish0x ecosystem and has been avail...

Litecoin top10 Cryptocurrency NFT Auction

21 Apr 2021 1 minute read 1 comment kingscrown

  Right now LTC litecoin is top10 cryptocurrency in the world, you can bid on first in the world litecoin connected NFT on opensea right now with ETH ethereum. Auction here -​ Try it and see if you can win if...

Another milestone for BSC - Pancakeswap surpasses Uniswap in TVL

20 Apr 2021 1 minute read 2 comments MartinTheStrider

It has been some time ago, when Ethereum was the synonym of DeFi. However the things are changing and due to extremely high fees and slow transactions the defi world on ETH has been reduced to whale playground still with the highest TVL, while the re...