Question 1

Uniswap (UNI)

Accepted Answer

Uniswap (UNI) is the native token of the Uniswap decentralized exchange, a liquidity provider for the trading of tokens on the wider [Ethereum](https://www.coindesk.com/price/ethereum/) network, also known as ERC-20 tokens. The Uniswap protocol is designed to be fully decentralized, using a trading model known as an automated liquidity protocol. This method gives users incentives to provide liquidity, which guarantees a liquidity pool, ensuring trades can be executed instantly at a known price.

Question 2

Uniswap Price

Accepted Answer

[Uniswap](https://uniswap.org/) minted a total of 1 billion UNI at its launch, which it expected to distribute over the course of four years. Sixty percent of all UNI will be distributed to community members, while the remaining 40% will be for investors, advisers, and Uniswap team members. Once the total of 1 billion UNI is distributed, UNI will be an inflationary token with a perpetual inflation rate of 2%.

Uniswap’s protocol token [went live](https://uniswap.org/blog/uni/) in September 2020. In the subsequent months, it captured the bull run of the wider crypto market. The Uniswap price climbed to an [all-time high](https://www.coindesk.com/price/uniswap/) of $45.01 on May 4 before pulling back along with the broader crypto market that month. The price of Uniswap fluctuated in the $15-$30 range during the summer of 2021.

Question 3

How Does Uniswap Work?

Accepted Answer

Uniswap runs on two smart contracts – “Exchange” and “Factory” – automated computer programs that perform certain functions when preset conditions are met. The factory smart contract adds new tokens to the platform, while the exchange one facilitates token trades.

The protocol offers “time-weighted average price” (TWAP) oracles, a pricing methodology that calculates the average price of an asset over a set period. Oracles are a tool that brings data from an outside source into a blockchain.

Uniswap’s consensus mechanism is similar to a [proof-of-stake](https://www.coindesk.com/learn/what-is-proof-of-stake) model, in which users receive rewards in return for locking up their tokens.

UNI token holders can participate in on-chain governance for future upgrades to the Uniswap protocol. Further, UNI holders also obtain partial ownership of the Uniswap domain and set the token list for the Uniswap exchange.

Beyond governance, UNI holders are entitled to around one-sixth of the trading fees paid on the Uniswap Protocol. However, governance controls require that holders vote to agree on when they receive funds. The community is also encouraged to consult legal and regulatory professionals before implementing proposals.

The Uniswap team doesn’t participate directly in the development or the governance of the protocol. However, it reserves the right to delegate votes, without seeking to influence voting decisions.

Question 4

Key Events and Management

Accepted Answer

In 2016, the concept for an on-chain AMM was theorized by Ethereum co-founder Vitalik Buterin in a [post on Reddit](https://www.reddit.com/r/ethereum/comments/55m04x/lets_run_onchain_decentralized_exchanges_the_way/). The concept was different from decentralized exchanges in that it doesn’t use a traditional order book. Hayden Adams began working on the concept after he was laid off from his job as a mechanical engineer and was encouraged to learn how to code by Ethereum Foundation member Karl Floersch. Eventually, Adams received multiple grants from the Ethereum Foundation and others to build it into a functional exchange. On Nov. 2, 2018, Hayden publicly [announced](https://uniswap.org/blog/uniswap-history/) Uniswap and launched it on the Ethereum blockchain.

Uniswap v2 launched in May 2020. It facilitated over $135 billion in trades and gave Uniswap the title of the largest decentralized spot exchange in the world. A year later, Uniswap v3 launched on the Ethereum blockchain with the aim of making transactions on Uniswap cheaper and faster.

Before its upgrade to V3, the protocol raised $11 million in August 2020 in a Series A funding round led by venture capital firm Andreessen Horowitz.


ABUNI	ERC20	ARB	0xFa7F8980b0f1E64A2062791cc3b0871572f1F7f0	2021-06-16
BPUNI	BEP20	BNB	0xbf5140a22578168fd562dccf235e5d43a02ce9b1	2020-10-13
BPUNI	BEP2	BNB	UNI-DD8	2020-10-13
HPUNI	HRC20	HT	0x22c54ce8321a4015740ee1109d9cbc25815c46e6	2021-02-06
MUNI	ERC20	MOVR	0xabd380327fe66724ffda91a87c772fb8d00be488	2021-09-13
MUNI	FRC20	FSN	0x6780bC1357DC0b6AA39224f53Dc8aEceb093B6FF	2020-09-18
MUNI	BEP20	BNB	0x99c5a2fcc97b59fe6d0b56e21e72b002f644123f	2020-09-18
MUNI	ERC20	MADA	0xC931f61B1534EB21D8c11B24f3f5Ab2471d4aB50	2022-04-01
OBUNI	ERC20	XDAI	0x4537e328bf7e4efa29d05caea260d7fe26af9d74	2020-09-17
OUNI	ERC20	OP	0x6fd9d7ad17242c41f7131d257212c54a0e816691	2021-11-12
OUNI	ERC20	MODE	0x3e7eF8f50246f725885102E8238CBba33F276747	2023-11-21
OUNI	ERC20	BASE	0xc3de830ea07524a0761646a6a4e4be0e114a3c83	2024-04-16
PUNI	ERC20	POL	0xb33eaad8d922b1083446dc23f610c2567fb5180f	2020-10-09
RENUNI	BEP20	BNB	0x65FAAD3c8DCecC3D56AA76F809ea378A137ecE8a	2021-11-26
RENUNI	ERC20	AVAX	0x65FAAD3c8DCecC3D56AA76F809ea378A137ecE8a	2021-11-26
UNI	ERC20	ETH	0x1f9840a85d5af5bf1d1762f925bdaddc4201f984	2020-09-14
UNIE	ERC20	AVAX	0x8ebaf22b6f053dffeaf46f4dd9efa95d89ba8580	2021-07-23
UNIEV1	ERC20	AVAX	0xf39f9671906d8630812f9d9863bBEf5D523c84Ab	2021-01-29
WUNI	SPL	SOL	8FU95xFJhUUkyyCLU13HSzDLs7oC4QZdXQHL6SCeab36	2021-09-15
WUNI	CW20	LUNC	terra1wyxkuy5jq545fn7xfn3enpvs5zg9f9dghf6gxf	2021-11-11