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📺 Uniswap Video 👉 https://www.youtube.com/watch?v=GREUQeHpQeQ
📺 SushiSwap Video 👉 https://www.youtube.com/watch?v=gDa6BmcpfNM
– TIMESTAMPS –
2:46 What is Uniswap
5:56 Defi Craze
8:04 SushiSwap Conundrum
9:51 UNI Announcement
15:10 Why it’s Valuable
17:40 Potential of UNI
19:20 Potential Risks?
21:26 Final Thoughts
⛓️ 🔗 Useful Links 🔗 ⛓️
► Uniswap Website: https://uniswap.org/
► UNI Announcement: https://uniswap.org/blog/uni/
► Is UNI a Security: https://www.theblockcrypto.com/post/78231/uniswap-token-security-debate
► Uniswap On DefiPulse: https://defipulse.com/uniswap
► Uniswap Listed on Coinbase: https://blog.coinbase.com/uniswap-uni-is-launching-on-coinbase-pro-ebcbb0b5d097
📝 What is Uniswap? 📝
Uniswap is an automated market making decentralized exchange. Essentially, it’s an open source dApp built on Ethereum that facilitates the exchange of ERC20 assets through global liquidity pools of assets.
It differs from other decentralized exchanges that rely on individual order books of bids and asks to manage an exchange. However, at Uniswap, those liquidity pools allow the protocol to create unique markets between any two assets.
Uniswap is able to provide liquidity by adjusting the price of the order up based on the size relative to the pool of liquidity. Yes, this does mean that there will be significant price slippage. However, the benefit of this is that it ensures that the pool will never run out of liquidity.
There are two features that users can make use of at Uniswap. They can either use it to exchange two ERC20 assets in exchange for a fee. Or they can supply liquidity and earn those trading fees
💸 UNI Tokenomics 💸
At genesis, 1 billion tokens were minted on UNI launch. A full 60% of these were to be allocated to the community over the period of 4 years. What came as a surprise to many in the Uniswap Community was the announcement that a full 25% of this community allocation (15% of total) was to be airdropped to those past users of the protocol.
There will be an opportunity to earn more UNI by Liquidity Mining incentives. There are a number of pools that will be distributing these rewards over a period of two months. They include:
– and ETH-WBTC
This liquidity incentive scheme was launched on the 18th of September and will run for two months. In total, there will be 5 million UNI that will be distributed in these. This will be just above 83,000 UNI per day per pool
Only a few hours after UNI was released to the public it was listed on Coinbase Pro and Coinbase. Binance also listed a few hours after that. So, there is a great deal of exchange support around
📈 UNI Potential 📈
One of the main benefits of UNI is that you will be able to vote on important governance decisions. This includes the likes of community grants, which pools the incentives should be allocated to and how the community grant funds are going to be spent.
One will assume that those who vote on proposals will choose those that are more likely to increase the reach of uniswap and hence the value of ecosystem. They will vote according to their economic interest.
1 billion is not the max supply. After 4 years, there will be a constant protocol inflation of 2%. This helps to ensure that those who participate in Uniswap governance will be rewarded over those that do not.
Those that merely hodl UNI hoping for gains will slowly face inflation of 2% every year. However, if you stake UNI to vote or you supply liquidity etc, then you will get a share of that protocol inflation and grow with the ecosystem.
🤔 Potential Risks 🤔
There are some questions that have been raised as to whether the UNI tokens are a security. This would mean that their airdrop would have been an unregistered security offering and hence breached the SEC’s rules.
Whether the SEC is likely to follow through with this depends on their interpretation. Uniswap does have some big VC investors including a16z and Paradigm etc. They will no doubt have done some legal homework on this.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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