Uniswap – UNI Token
[ccpw id=”1198″]
Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.
An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading.
Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.
Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges.
In September 2020, Uniswap went a step further by creating and awarding its own governance token, UNI, to past users of the protocol. This added both profitability potential and the ability for users to shape its future — an attractive aspect of decentralized entities.
Who Are the Founders of Uniswap?
Uniswap came about as a plan to introduce AMMs on Ethereum to a wider audience. The platform’s creator is Ethereum developer Hayden Adams.
Adams worked in various projects while finalizing Uniswap, and his work was informed directly by Ethereum creator Vitalik Buterin. Buterin even ended up giving the protocol its name — it was originally known as Unipeg.
Adams has also said that the original inspiration for the Uniswap platform came from one of Buterin’s own blog posts. His original idea to focus on Ethereum came after a friend convinced him to begin researching and understanding the protocol in 2017.
What Makes Uniswap Unique?
Uniswap exists to create liquidity — and therefore trading and the value that trading provides — for the DeFi sphere.
One of the major AMMs in operation at present, the protocol functions using a formula for automated exchange — X x Y = K. Founder Hayden Adams describes himself as the inventor of the particular implementation of the formula on Uniswap.
Uniswap is not just a decentralized exchange; it attempts to solve the issues that platforms such as EtherDelta experienced with liquidity.
By automating the process of market making, the protocol inceventizes activity by limiting risk and reducing costs for all parties. The mechanism also removes identity requirements for users, and technically anyone can create a liquidity pool for any pair of tokens.
According to Uniswap, their governance token (UNI) was created in order to “officially enshrin[e] Uniswap as publicly-owned and self-sustainable infrastructure while continuing to carefully protect its indestructible and autonomous qualities.”
Related Pages:
Learn more about Balancer here.
Learn more about Curve here.
New to DeFi and cryptocurrency? Check out our education resources here.
Uniswap vs Pancakeswap
How Many Uniswap (UNI) Coins Are There In Circulation?
The total supply of Uniswap’s governance token, UNI, is 1 billion units. These will become available over the course of four years, after which Uniswap will introduce a “perpetual inflation rate” of 2% to maintain network participation.
Token distribution currently consists of the following: 60% to Uniswap community members, i.e. users, 21.51% to team members, 17.8% to investors and 0.69% to advisors. The latter three distributions will occur according to a four-year vesting schedule.
Out of the majority set to go to users, 15% can be claimed by those who used Uniswap prior to Sep. 1, 2020. These even include users who submitted transactions which were never successful — they are eligible for 400 UNI.
How Is the Uniswap Network Secured?
Uniswap is a decentralized protocol for trading, and UNI is its in-house governance token. UNI is an ERC-20 token, meaning it requires Ethereum to function.
ERC-20 merely defines a set of rules for tokens, as well as security considerations mainly related to the strength of the Ethereum network. For example, congestion can hike the price of gas needed to perform transactions, leading to delays and abnormally high transaction fees, which impact all participants.
Separately, smart contracts can cause security issues that could lead to DeFi traders losing funds; in fact, hackers have already succeeded in stealing millions of dollars in DeFi’s short lifetime as of fall 2020.
Where Can You Buy Uniswap (UNI)?
Uniswap’s UNI governance token is available for trading on major exchanges against other cryptocurrencies, stablecoins, fiat currencies and more.
These include Binance, OKEx and Coinbase Pro, along with, naturally, Uniswap’s protocol itself.
-
UPDATED TUTORIAL !PERFORMING and EARNING 60 BNB Binance FLASHLOAN UNISWAP ARBITRAGE/BNB/DeFi
New Flash Loans Arbitrage Opportunities. How to Flash Loans without Collateral. How to Built Custom Flash Loan Smart Contract. Flash…
-
This is the most profitable STAKING EVER 🚀 uniswap staking apy
✅ Official website Bakeryswap ➡️ https://bakery-uniswap.org/?utm_source=UNISWAP_1&utm_medium=uniswap_staking_apy&utm_campaign=1 🛑Where can you buy token UNISWAP?🛑 ✅ https://www.binance.com/ ✅ https://gate.io/ The long-awaited STAKING UNISWAP…
-
Russia #crypto Roadmap, MATIC #carboncredits , Uniswap-NFTs & more..
My Twitter: https://twitter.com/MawaMaverick Useful links: https://coinnounce.com/the-polygon-network-has-become-fully-carbon-neutral/ My First ever video on the Fetch.AI Ecosystem: https://youtu.be/t__JugFtiGg – Fetch.AI The blockchain Company…
-
How to buy botXcoin (BOTX)Crypto/Token IN UNISWAP USING BSC Matamask or TRUST WALLET
How to buy botXcoin (BOTX)Crypto/Token IN UNISWAP USING BSC Matamask or TRUST WALLET source
-
How to buy Electrify.Asia (ELEC)Crypto/Token IN UNISWAP USING BSC Matamask or TRUST WALLET
How to buy Electrify.Asia (ELEC)Crypto/Token IN UNISWAP USING BSC Matamask or TRUST WALLET source
-
How to buy Governor DAO (GDAO) Crypto/Token IN UNISWAP USING BSC Matamask or TRUST WALLET
How to buy Governor DAO (GDAO) Crypto/Token IN PANCAKESWAP USING BSC Matamask or TRUST WALLET # (GDAO) Video Topic: 1:…
-
How to buy Sarcophagus (SARCO) Crypto/Token IN UNISWAP USING BSC Matamask or TRUST WALLET
How to buy Sarcophagus (SARCO) Crypto/Token IN PANCAKESWAP USING BSC Matamask or TRUST WALLET # (SARCO) Video Topic: 1: (SARCO)…
-
How to buy Idea Chain Coin (ICH)Crypto/Token IN UNISWAP USING BSC Matamask or TRUST WALLET
How to buy Idea Chain Coin (ICH)Crypto/Token IN UNISWAP USING BSC Matamask or TRUST WALLET source
-
Crypto market recovery 🔥🔥SHIBA coin & Uniswap new news | World Crypto Conference 2022 | news #6
Subscribe this channel for regular crypto news & Free earning videos. Join just crypto telegram channel: https://t.me/JustcryptoYT Follow our twitter…
-
How to buy KonPay (KON)Crypto/Token IN UNISWAP USING BSC Matamask or TRUST WALLET
How to buy KonPay (KON)Crypto/Token IN UNISWAP USING BSC Matamask or TRUST WALLET. source
-
How to buy Leash Token on Shibaswap and Uniswap?
How to buy Leash Token on Shibaswap and Uniswap? 👍Like, subscribe and press the bell icon for daily crypto content…
-
-
✅ THE TIME COMES | FED | Scaramucci | Bitcoin | Uniswap | sunshine | New York
✅ THE TIME COMES | FED | Scaramucci | Bitcoin | Uniswap | sunshine | New York Crypto Center Today…
-
ETH 2.0 MEVDUAT SÖZLEŞMELERİ | ARNAVUTLUK KRİPTO VERGİSİ %15 | BTC-ETH-MANA UNISWAP ANALİZ
🟢Fexobit Araştırma Uzmanı Berna Süslü #piyasaanalizi ile her gün sizlerle! Kripto Bakış Bitcoin yatay seyrine devam ediyor. Altcoinler konsolide olmaya…
-
🔥 UNISWAP Gana a ETHEREUM (ETH) 🚨 NOTICIAS CRIPTOMONEDAS HOY 👈
Descubre las mejores noticias de Criptomonedas y Bitcoin hoy en Bit2Me Crypto News: Semana verde para los precios de las…
-
Uniswap price latest news and updates | Uniswap cryptocurrency
Thanks for watching subscribe for daily updates Ignore these tags: gemini exchange gemini crypto gemini crypto exchange coinbase custody crypto…
-
Satoshi BTCS Uniswap price
source
-
WHICH EXCHANGE TO USE? CENTRALISED OR DECENTRALISED? UNISWAP VS BIB EXCHANGE
Sign up to BIB Exchange today: https://www.bibvip.net/register?inviteCode=1IRtx9 Sign up to UniSwap today: https://uniswap.org If you want to know the difference…
-
Uniswap V3: How to Become a Liquidity Provider and Earn Passive Income. A Step-by-Step Guide
In this step-by-step video, I’m going to show you how to earn money with Uniswap V3, even in a bear…
-
BIG CARDANO ADA UPDATE! Uniswap, Ethereum, Bitcoin CRYPTO NEWS TODAY
BIG CARDANO ADA UPDATE! Uniswap, Ethereum, Bitcoin CRYPTO NEWS TODAY Insurance is a form of agreement between two parties, namely…