Uniswap (UNI)

644 Articles 55,799 Followers

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.


Intro to Yieldly, the First Algorand DeFi App

30 Aug 2021 5 minute read 0 comments FR4X

Yieldly is one of the most popular DeFi apps available on the Algorand ecosystem. Yieldly.finance offers a fresh take on the future of decentralized finance wrapped up in an inflatable flamingo.  In this article FR4X takes a look at the features and...

How to earn passive income with DeFi? Rule #2: Choose well your protocol

25 Aug 2021 2 minute read 1 comment Cryptofab

In my previous article, I mentioned the risks of rug pull with DeFi protocols and the importance of checking the code or at least the audit report. Now the question is: how to choose the right protocol and the right blockchain, and which one should b...

DeFi Governance Weekly. Grant Debacles on Uniswap

20 Aug 2021 4 minute read 2 comments Pinotio.com

Plus Surplus Buffers, Preventing Governance Attacks, and Vitalik Challenges How DAOs vote Grant Debacles on Uniswap Blockchain protocols often reserve a portion of their governance tokens for community grants to help grow the protocol. Uniswap an...

Time to Buy Uniswap (UNI) on BigoMex Exchange?

18 Aug 2021 2 minute read 0 comments parismexi

During the year 2020, Decentralized Finance (DeFi) became a popular topic in the bitcoin market. Many DeFi protocols were born during the "DeFi summer" period, which generated significant gains to many traders. Uniswap was used to complete the vast m...

AMA CryptoBooster x Liti Capital August 16th

15 Aug 2021 1 minute read 0 comments Bit Media Buzz

Announcing Liti's next AMA on August 16th 2021 at 02:00 PM UTC Time: CryptoBooster x Liti Capital ️Total Reward pool: $500 in $wLITI ️Requirements:👉 Follow @CryptoooBooster & @LitiCapital 👉 Join https://t.me/multichainstar & https://t.me/liti_capital...

Countdown to listing on Uniswap HiDollars.

5 Aug 2021 1 minute read 2 comments dimonbuton

  Hello everyone, do not miss the opportunity Let's get hi together while it is distributed without investment! The main reason why I'm here:  1. (29/07/2021) HiDollars has officially become a recognized crypto project with audit by Certik 2. Sponso...

Harvest Adds A New Uniswap V3 Farm!

5 Aug 2021 1 minute read 5 comments Cje95

Harvest has made a new addition to its Ethereum Chain and once more they have added a Uniswap V3 farm. At first, I thought it was a typical ETH-ETH2 liquidity pool which would make sense with the hard fork Ethereum had today and how the coin has real...

EIP-1559, Crypto Regulation, NFT Craze, Layer 2 Adoption! SO.MUCH.TO.COVER!

5 Aug 2021 7 minute read 0 comments Michael @ CryptoEQ

Bitcoin It was a busy month for Bitcoin (BTC), both in price and underlying fundamental developments. This month’s Enthusiast starts off with a list of the most important Bitcoin-related news. Hashrate Stabilization and Energy Usage Transparency Bitc...

Uniswap V3

3 Aug 2021 6 minute read 0 comments CryptoWingnut

For today’s article I am taking a look at the changes that Uniswap has made to it’s protocol when it launched V3 back a few months ago. They made some interesting changes to how the liquidity pools and automated market maker works, and I think it’s i...

SwapSpace vs OpenOcean

25 Jul 2021 5 minute read 18 comments FabPure

Year 2020 was characterized by the boom in DeFi space, it was dominated by the likes of 1inch, UniSwap, etc which offer swap facility. Now, the problem with these existing options in that I am not able to compare it with the prices an CEX - like Bina...