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.

Token types to analyse and Invest on

8 Jun 2021 1 minute read 6 comments Defiant Pathfinder

When investing its not all about buying and storing or staking tokens. You have to select, analyze and diversify your portfolio. Imagine you invest only in the Meme tokens and then after keeping them for years you then discover they do not have much...

Uniswap Shows Strong Selling Pressure, Analyst Warns of Potential Breakout

30 Oct 2023 1 minute read 1 comment COINTURK NEWS

Decentralized exchange Uniswap (UNI), based on Ethereum, has been experiencing high network activity along with significant selling pressure recently. Renowned cryptocurrency analyst Ali Martinez suggests that UNI may soon undergo a major trend break...

4 Reason Why your trade fails on Uniswap

23 Oct 2023 3 minute read 1 comment Ishfaq_Khan

Before another one of your trades fail on UNISWAP, you have to read this post. So the first reason why your trade might have failed on Uniswap is because there is actually a transaction deadline. There is a 30 minute window for your transaction to ta...

News for Uniswap! What you need to know

21 Oct 2023 3 minute read 1 comment Ishfaq_Khan

Can't believe that UNISWAP is going to implement KYC.As news like this continues to come out, we're going to be avoiding KYC as much as possible to protect our financial privacy, and I'm going to be advocating that for anyone who is reading this post...

5 things I learnt about Uniswap

3 Sep 2023 1 minute read 0 comments cryotosensei

5 things I learnt about Uniswap • ⁠Uniswap is the world’s largest decentralised exchange. People use it to buy coins that are not available on CEXes yet. • ⁠It’s the OG. It developed smart contracts (v2 and v3) and interfaces and got them audited and...

Dex223 is a new decentralized exchange that will be deployed on Ethereum chain

16 Aug 2023 3 minute read 0 comments SkyPirl Official

Dexaran   DEX223 Explanation Following the announcement of Dex223 announcement I would like to address the questions that may arise in the community. Dex223: description & goals Dex223 is a new decentralized exchange that will be deployed on Ethereum...

Why the Future of Cryptocurrency Trading Belongs to Perpetual DEXs

22 Jun 2023 1 minute read 2 comments bitbucket

Perpetual DEXs allows users to trade with leverages, over the additional benefits of DEXs. These are a newer form of DEXs providing transparent, and permissionless trading environment, meaning that it has no restrictions like centralized exchanges. G...

UNI Relies On An Automated Market Maker (AMM)

21 Jun 2023 1 minute read 0 comments stag89

UNI is connected to a decentralized exchange platform allowing traders to exchange tokens on a peer-to-peer model. In other words, investors can buy and sell cryptocurrencies on UniSwap's platform through a 100% decentralized operation. Unlike most c...

Meme-Coin Mania: How to Identify Profitable and Legit Investments

21 Jun 2023 1 minute read 4 comments bitbucket

In the earlier guide, I mentioned how to safeguard your coins while using DEXs and avoiding phishing scams. This will be on identifying rug-pulls while trading memecoins in DEXs.  Launching a token inside Ethereum mainnet is quite expensive, making i...

The Dark Side of DEX: How to Avoid Losing Your Crypto to Scams and Hacks

19 Jun 2023 1 minute read 2 comments bitbucket

In the earlier guide, I mentioned how decentralized exchanges work perfectly fine with Metamask. This will be on safeguarding your coins while using DEXs and avoiding phishing scams.   Decentralized exchanges are also the home for spyware attacks, sc...