Editor's Note: This article comes fromDeepChain (ID: deepchain-eva)Editor's Note: This article comes from
DeepChain (ID: deepchain-eva)
DeepChain (ID: deepchain-eva)
, Author: Mark Gisele, reproduced by Odaily with authorization.
Have you received the airdrop of UNI today?
On September 17, Uniswap announced the issuance of the governance token UNI and will start liquidity mining, and airdrop UNI to eligible users.
UNI worth about 450 million U.S. dollars was delivered to Uniswap users, and the currency circle was boiling for a while, and the airdrop became a hot topic today.
Although Uniswap is already the largest DEX with a considerable user base, the platform currency has not been issued for a long time. In addition, the code of the cryptocurrency project is open-sourced, and Fork is easy, which leads to a large number of imitation disks.
Prior to this, Uniswap had never spoken out about various imitation disks. Everyone has speculated, is Uniswap holding back its big move and preparing to fight back with one hand?
Facts have proved that everyone's guess is correct.
Airdrop of 450 million US dollars, Uniswap willfully throw money
The long-awaited call came out, and today, Uniswap announced the launch of the governance token UNI.
The total amount is 1 billion, of which 60% are allocated to community members; 21.51% are allocated to team members and future employees, unlocked in 4 years; 17.80% are allocated to early investors, unlocked in 4 years; 0.69% are allocated to consultants, unlocked in 4 years year to unlock.
image description
Do you think this is just an ordinary coin issuance announcement? No, Uniswap tells you that I not only want to issue tokens, but I also want to distribute benefits: 150 million tokens are airdropped to early participants.
Therefore, leading the UNI airdrop quickly became a hot topic in the currency circle today. Each qualified user has obtained at least 400 UNI. According to the market price at that time, this "big gift package" is worth more than 1,000 US dollars.
"Uniswap's airdrop is too valuable, this is the first time I have received such a large amount of airdrop." Some users sighed looking at the 3 more ETH in the wallet, saying that they never thought that Uniswap would "send money" to retail investors in this way.
image description
OKLink data shows that as of 16:00 today, at least 55,739 Ethereum addresses have received Uniswap’s UNI token rewards, and a total of about 41.2822 million UNI has been claimed. At the same time, about 11,152 addresses have applied to claim (Claim) but are still waiting for transaction confirmation. A total of 251,754 addresses are eligible to receive UNI token rewards for this airdrop.
While users frantically received airdrops and transferred funds, the Ethereum network was severely congested in a short period of time, and some users even used more than 500Gwei of Gas to transfer funds.
While retail investors are busy with airdrops, major exchanges are also trying to snatch UNI’s traffic. So, we once again watched a battle for listing among the three major exchanges.
UNI's Candlestick Chart
Various exchanges responded quickly. After Binance announced the launch of UNI at 11:00, Matcha launched UNI in the shortest possible time, followed by OKEx and Huobi. Huobi even took out a 50U point card for users who recharged more than 400 UNI.
Uniswap’s golden signboard and the blessing of the three major exchanges made UNI rise to 6 US dollars in a short period of time after the launch of Matcha, Huobi also broke through 5 US dollars after its launch, and Binance has remained at around 3.5 US dollars since its launch.
image description
When everyone thought that the listing of UNI on the three major exchanges was the end of the good news, Coinbase Pro, which has always been calm and calm, said that it would list UNI. As soon as the words fell, the price of UNI skyrocketed again, breaking through $4.4 and hitting a new high.
Within half a day, the three major exchanges and Coinbase rushed to go online. The cryptocurrency market has never seen such a grand occasion, and all the "glory" belongs to Uniswap.
Of course, Uniswap's achievements today are accumulated step by step by itself. Throughout the development of Uniswap, there are also some sad past events that are not humane.
secondary title
Uniswap's Road to DEX King
Before the popularity of liquidity mining, users in the cryptocurrency community may have the impression of Uniswap: Uniswap was developed by a developer alone at the Ethereum Hackathon, and he took a bonus of 10,000 blocks to make a product It is even comparable to Bancor, which has raised more than 100 million U.S. dollars, and is even more popular with users.
Some users may know that the developer is the founder Hayden, but few people know that Hayden also entered the blockchain industry by chance.
In 2017, Hayden was expelled from Siemens, and his life entered a trough. I just met a friend who introduced me to learn the smart contracts of Ethereum, so I spent two months learning the basics of Ethereum, Solidity and Javascript by myself.
After that, Hayden focused on development, and soon the first POC smart contract product came out, which was the prototype of Uniswap.
After half a year of gradually solving various problems, in March 2018, Uniswap finally completed the final version.
Using the automated market making (AMM) mechanism, users can list tokens with a low threshold or provide liquidity to obtain income. Uniswap was born.
Perhaps the former Uniswap was only used by Hayden as a stepping stone to find a new job, but Hayden would never have thought that Uniswap would become the benchmark in the DeFi field and the most authoritative place among DEXs just two years later.
This authority is reflected in the fact that Sushiswap has introduced token incentives based on Uniswap to attract miners to mine. People once questioned that the liquidity of Uniswap would be gradually eroded by Sushiswap.
After that, Sushiswap quickly lost popularity because of the repeated harvest of various "acting" by the project party, and the price continued to fall, and it was no longer a competitor of Uniswap.
However, the status of Uniswap is still unshakable.
image description
Data details of Uniswap on DeFipulse
According to DeFipulse data, Uniswap currently has US$700 million in locked funds, ranking fourth among all DeFi projects. Moreover, the amount of funds is still rising steadily, and the scale of users is getting bigger and bigger. At present, it has exceeded 140,000 users, which shows that Uniswap's status in the DeFi field is further improving.
secondary title
Why is Uniswap issuing coins at this time?
There have been many speculations about why Uniswap chose to issue coins now. Some people think that now is not a good time for Uniswap to issue coins, but we are not Hayden after all, so we have no way of knowing the reasons behind it.
However, one thing is clear: Uniswap’s currency issuance may be a last resort and a silent counterattack.
Now in the DeFi market, liquidity is the trump card, and the lessons learned from Sushiwap and Sakeswap are right in front of us. If Uniswap does not issue coins, it is difficult to guarantee that other latecomers will not evacuate Uniswap’s liquidity in a similar way. In this regard, Uniswap seems to be There is no way. It would be a pity for a high-quality project that has been operating smoothly for more than two years if it is really in this predicament.
In addition, various leading projects in the DeFi field, such as Balancer, Curve, Compound, etc., have already issued coins, and through liquidity mining, they have attracted a large number of users and locked funds.
It is quite normal for Uniswap to issue coins under such circumstances. Moreover, for Uniswap, it is also a good choice to issue coins at this point in time when the business is most prosperous.
Because of their own business models, many projects can make good profits even without issuing coins, such as Uniswap.
However, the advantage of issuing coins at this time is that "Uniswap is the leader in the DEX field" has become a market consensus, and market forces can easily increase its market value, surpassing DeFi projects that have also developed for several years.
Another very important point is that although Uniswap is already the king of DEX, there are still many areas that need to be upgraded and improved in products and ecology.
In August of this year, Uniswap received an investment led by Andreessen Horowitz, and 7 institutions participated in the investment of 11 million yuan to build Uniswap V3. This shows that the team needs funds to carry out development, expand business, user scale and ecological scale, and issuing coins can make Uniswap "have food in hand and not panic".
Finally, for a project as large as Uniswap, the importance of governance is self-evident. After issuing tokens, users can also participate in the governance of the entire project and promote the development of the community.
Taking UNI as an example, although the three major exchanges have ushered in a wave of rise, it can also be clearly seen that the upward trend of the currency price did not last long.
In addition, Andre, the founder of YFI, also pointed out on Twitter today that Uniswap's currency issuance itself is very perfect. But it always feels like this time the currency is issued in response to Sushi, "Don't fall into the rhythm of others, and move forward at your own pace."
The reason why Andre thinks so is because before that, all kinds of information disclosed by Uniswap point to that they will issue coins when they launch the V3 version, and now issuing coins seems to be contrary to their plan.
But whether it is issuing coins in advance or responding to Sushi, in short, UNI has appeared at present, and this has caused shocks in the two fields of CeFi and DeFi.
text
