UniSwap

The popular decentralized exchange, Uniswap, is having one of its latest governance proposals stonewalled by the crypto venture capital giant Andreesen Horowitz (a16z).  The ongoing proposal vote, which ends on February 10, is currently 38% weighed against the change – almost entirely due to the software investor. So Much for Decentralization The proposal, tabled by 0xPlasma Labs on February 2, would have Uniswap v3 deployed to BNB chain. To enable the deployment, the proposal chose to use Wormhole – an…

A bad actor has managed to pull off a phishing attack on a major liquidity provider for the Uniswap v3 protocol. The campaign saw the hacker(s) loot a minimum of $4.7 million worth of Ether from the platform. According to internal reports, the total amount of stolen tokens could be even more. Alarms Go Off on Twitter Binance CEO Changpeng Zhao had earlier posted regarding the attack after the exchange company’s threat intel spotted suspicious movement. CZ shared a tweet…

Nessa Risley has issued a class action lawsuit against Uniswap and its associates for illegally promoting and selling unregistered assets. Furthermore, the Uniswap user claims the decentralized exchange has no KYC process, hence resulting in massive fraud. Before the Suit Between May and July 2021, the plaintiff supposedly purchased several microcap altcoins worth around $10,000 on the DEX. Risley stated that traded on Uniswap for the first time in May, which resulted in significant losses. Other defendants in the complaint…

Decentralized Finance (DeFi) has been making headlines for the past year and has massively gained users and market capitalization. DeFi refers to financial services utilizing smart contracts. These contacts are automatically enforceable agreements that do not require an intermediary such as a bank but rely on blockchain technology.  Between December 2019 and now, the DeFi industry has grown from $700 million to $74.96 billion. It represents about 5.3% of the total crypto market space. This article will then focus on…

The world of crypto is growing, and now people are eager to get in on the frenzy. Crypto stands for all cryptography applications, including DeFi, which mirrors traditional banking and financing concepts except on blockchain technology. The advent of DeFi tokens has caused a frenzy reminiscent of the booms of bitcoin and other cryptocurrencies in 2017. DeFi tokens have joined the race in disrupting traditional finance by allowing the following: lending and borrowing within a peer-to-peer network without any intermediaries,…

A quiet battle rages behind the scenes of the decentralized exchange (DEX) community. The recent surge in the decentralized finance (DeFi) sector has driven interest in DEXes to new heights. There are currently a variety of top-performing DEXes in the market. Each platform introduces new features and services based on its technical structure. Here are the differences between the four major contenders in the market - Uniswap vs. SushiSwap vs. PancakeSwap vs. MDEX. Uniswap Uniswap is the largest Ethereum Dapp…

The Uniswap community voted in support of launching the prime decentralized exchange's v3 iteration on layer-two scaling solution, Arbitron. Uniswap's inventor, Hayden Adams, announced the vote on May 27, disclosing the proposal's governance vote obtained d 41.35 million votes in favor and zero opposing votes from UNI token holders. Uniswap is now setting up layer-two implementation on both Arbitrum and Optimism. 1/ The @Uniswap community has spoken with overwhelming support in favor of an Arbitrum deployment of Uniswap v3! So…

Version 3.0 of Uniswap, an update that will render the automated market manufacturer far more appealing to cryptocurrency investors, is now live. The Uniswap protocol company announced version 3 in late March and has now been deployed into an Automatic Market Maker (AMM) amid an Ether crypto-bull run to all-time highs. ETH is the second-largest cryptocurrency and Ethereum's native token, where DeFi was born and is still thriving. Currently, the decentralized exchange, which got launched in Ethereum at the end…

The increase in the adoption of cryptocurrencies has seen a rise in the number of cryptocurrency exchanges. Crypto exchanges allow traders to buy and sell cryptos at a fee seamlessly. These exchanges take different forms and can either be a market maker that accepts bid-ask spreads, accepting various forms of payment, including credit card payments, wire transfers, or even support cryptocurrency withdrawals. Crypto exchanges are categorized into two broad categories: centralized and decentralized exchanges. Decentralized exchange (DEX) operates in line…