• One billion UNI tokens will be released to the public over the next four years.
  • Uniswap presently has $757 million locked up in its protocol.

Uniswap, the decentralized trading platform and a premier DeFi project, has launched its governance token – UNI. One billion coins will be released to the public over the next four years. The token allocation will look like this:

  • Uniswap community: 60%.
  • Team members: 21.51%
  • Advisors: 0.69%
  • Investors: 17.8%

The company announced about the token:

UNI officially enshrines Uniswap as publicly-owned and self-sustainable infrastructure while continuing to carefully protect its indestructible and autonomous qualities.

Uniswap vs. SushiSwap

This move is a direct response to SushiSwap sucking away over $800 million of Uniswap’s liquidity. The two are currently battling to reign supreme in the automated market makers (AMMs) space. SushiSwap, as previously reported, is trying to recover after a long period of internal politics and drama.

Uniswap liquidity mining

Uniswap will launch a liquidity mining program on September 18 that’ll target its USDT, USDC, DAI and wBTC pools. The firm also made it clear that the team members will not participate in governance in the near future. They can, however, delegate votes to protocol delegates. All UNI holders will have ownership of the governance process.

Binance lists UNI

Binance immediately listed UNI and has opened trading for UNI/BTC, UNI/BNB, UNI/BUSD and UNI/USDT trading pairs. Since the Exchange recently came under fire for listing the SUSHI tokens, they released the following cautionary message:

UNI is a new token that poses higher than normal risk, and as such, will likely be subject to high price volatility. Please ensure that you exercise sufficient risk management, that you have done your own research in regards to UNI’s fundamentals and fully understand the project before opting to trade.

Uniswap TVL

DeFi Pulse allows us to check the total value locked (TVL) up in Uniswap’s protocol.

fxsoriginal

As of now, it has $757 million locked in. Before SushiSwap, the TVL was around $1.82 billion TVL. 
 


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended Content

Editors’ Picks

Is Altcoin Season here as Bitcoin reaches a new all-time high?

Is Altcoin Season here as Bitcoin reaches a new all-time high?

Bitcoin reaches a new all-time high of $98,384 on Thursday, with altcoins following the suit. Reports highlight that the recent surge in altcoins was fueled by the victory of crypto-friendly candidate Donal Trump in the US presidential election.

More Altcoin News
Shanghai court confirms legal recognition of crypto ownership

Shanghai court confirms legal recognition of crypto ownership

A Shanghai court has confirmed that owning digital assets, including Bitcoin, is legal under Chinese law. Judge Sun Jie of the Shanghai Songjiang People’s Court shared this opinion through the WeChat account of the Shanghai High People’s Court.

More Cryptocurrencies News
BTC hits an all-time high above $97,850, inches away from the $100K mark

BTC hits an all-time high above $97,850, inches away from the $100K mark

Bitcoin hit a new all-time high of $97,852 on Thursday, and the technical outlook suggests a possible continuation of the rally to $100,000. BTC futures have surged past the $100,000 price mark on Deribit, and Lookonchain data shows whales are accumulating.

More Bitcoin News
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange

Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange

Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.

More Shiba Inu News
Bitcoin: New high of $100K or correction to $78K?

Bitcoin: New high of $100K or correction to $78K?

Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP