With Uniswap’s liquidity mining rewards program set to end in one week, the project has called a community meeting to discuss how to move forward. Leading decentralized exchange Uniswap has announced an “unofficial community call” set for Nov. 12 at 5:00 pm UTC. The call is scheduled to discuss several core governance issues central to…
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An impatient Uniswap trader accidentally paid more than 23 Ether to execute a $120 trade on the decentralized exchange. A clumsy trader claims to have “destroyed” their life after inadvertently paying $9,500 in fees for a $120 transaction on the decentralized exchange (DEX) Uniswap. On Nov. 5, Reddit user ‘ProudBitcoiner’ posted that he had accidentally…
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Uniswap’s first governance proposal has ended in defeat, with votes in favor falling a whisker short of the required threshold. The first governance vote for decentralized exchange (DEX) Uniswap has ended in failure, despite the proposal attracting overwhelming support of 98% of votes cast. Despite this, it fell roughly 1% short of the 40 million…
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Survey data show centralized exchanges are not worried about DeFi trading volumes, so why are they building their own DEXs? A recent survey by cryptocurrency data aggregator, CryptoCompare, shows that centralized exchange operators do not see the emergence of decentralized trading venues like Uniswap as a threat despite growing volume and activity in the DeFi…
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Social sentiment data, strengthening fundamentals and on-chain analysis suggest Bitcoin is on the verge of a 2017-style bull run. Last week, Bitcoin (BTC) saw its price rise 6.95%, rising from $10,804 on October 5 to $11,555 by October 12. The surge marked the best performing week for the price of Bitcoin since July and data…
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Uniswap processed $15.3 billion in monthly volume in September, outpacing Coinbase and signalling that DeFi is here to stay. Data from Dune Analytics shows that in the month of September Uniswap decentralized exchange processed $15.371 billion in volume. In the same period, reports indicate that Coinbase processed $13.6 billion. Monthly decentralized exchange volume. Source: Dune…
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New data shows that one month after SushiSwap’s vampire mining attack Uniswap is the real beneficiary. SushiSwap is widely thought to have syphoned liquidity from Uniswap but new data from Flipside Crypto, a cryptocurrency on-chain analytics resource, suggests that the decentralized exchange’s launch mechanism actually benefited Uniswap by bringing new money into its liquidity pools.…
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As Bitcoin price consolidates, bulls target $11.5K and bears expect a drop below $9.8K. Bitcoin (BTC) price appears to be gearing up for another shot at the $11K mark but traders shouldn’t get overly excited as resistance in the $11,000-$11,200 zone and at $11,389 have kept the price from moving higher for the last few…
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Is it time to find another name for this phenomenon? Alexis Direr, a researcher at the University of Orleans in France, has released a paper summarizing the mathematical underpinnings of Uniswap and other exchanges based on Automated Market Makers. Automated Market Maker is the term for a class of decentralized exchange that reached significant popularity…
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The vast majority of DeFi projects still have the ability to enter ‘God Mode’ and unilaterally make changes to pretty much everything. Twelve out of 15 of the most popular decentralized finance protocols still have access to a ‘God Mode’ admin key, according to data on review platform DeFi Watch. These full-access controls allow developers…
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