Editor's Note: This article comes fromBabbitt Information (ID: bitcoin8btc), Compilation: Overnight Porridge, released with authorization.
Editor's Note: This article comes from
Babbitt Information (ID: bitcoin8btc)blog post, Compilation: Overnight Porridge, released with authorization.
On the morning of September 17th, Beijing time, the decentralized exchange Uniswap officially released its governance token UNI.
in an official
, Uniswap mentioned that the initial total amount of UNI is 1 billion, and these tokens will be gradually released within 4 years. Among them, 60% of the tokens will be allocated to community members, 21.51% will be allocated to "team members and future employees", 17.8% will be allocated to investors (4-year linear unlocking), and the remaining 0.069% will be allocated to advisors (4-year linear unlock).
After 4 years, UNI will be issued at an annual inflation rate of 2% to motivate participants to continue to contribute to Uniswap.
It is worth noting that there are currently about 150 million UNI tokens that will be immediately distributed to Uniswap users (including liquidity providers, users, etc.) before September 1.
ETH/USDT
ETH/USDC
ETH/DAI
ETH/WBTC
About UNI's Liquidity Mining
what does that mean?
According to the content of the blog, starting from 20:00 on September 18, 2020, Beijing time, Uniswap will officially launch liquidity mining activities. The initial mining activities will last until November 17, 2020, and support the following four Uniswap v2 mining activities: Mining pool:
Each liquidity pool will allocate 5 million UNI tokens, which is equivalent to 833,300 UNI allocated to each pool every day.
secondary title
what does that mean?
First of all, this will cause Ethereum to be very congested in the short term. According to data from ethgasstation, the current average gas fee price of the network exceeds 400 Gwei, which is close to the historical high value.
The reason for this phenomenon is that hundreds of thousands of Uniswap users compete to receive their UNI token rewards in a short period of time, and due to the block limit of Ethereum, the gas fee has been soaring.
And after Uniswap starts liquidity mining tomorrow, this congestion situation will still not be alleviated, so everyone should be mentally prepared in the short term (note: transaction fees will also be deducted for transaction failures).
Second, the official release of Uniswap means that the competitiveness of counterfeit products such as sushi will be reduced. For the participants of these counterfeit products, this is definitely not good news.
