Tag Archives: uniswap

After Binance became the second-largest entity by voting power in the Uniswap DAO, the CEO of the popular DEX, Hayden Adams, took it to Twitter to describe the situation as “unique” while adding that “UNI technically belongs to its users.” He accused Binance of using user funds to pile up governance votes. Hayden Adams on Binance Adams claimed that it was unclear how the crypto exchange intended to engage with the decisions of the DEX and argued that Binance users would...

The team behind the decentralized exchange – Uniswap Labs – raised $165 million in a Series B funding round, which will be allocated for NFT investments and developer tools. Shortly after the announcement, Uniswap’s native token – UNI – spiked by nearly 6%. Uniswap’s Latest Fundraiser Per a recent announcement, the multi-million initiative was led by prominent names in the financial field, including Polychain Capital, Andreessen Horowitz (a16z), SV Angel, Paradigm, and...

Uniswap Labs, which developed the Uniswap protocol, is reportedly holding talks with potential investors for a new funding round. The potential new round would value the startup at a unicorn valuation. According to TechCrunch on Friday (September 30, 2022), four anonymous sources revealed that Uniswap Labs is looking to raise between $100 million and $200 million in a new funding round, with a valuation of $1 billion. The startup is reportedly speaking to participants such as...

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Uniswap Foundation, the organization that oversees the development of the largest DEX in the world, has stated that its first wave of grants sums up to almost $1.8 million total. According to the official announcement, the grants vary in size and scope and are spread across three areas – protocol growth, community growth, and governance stewardship. Uniswap Diamond Uniswap Diamond is heralded as one of the most ambitious initiatives to be funded by Uniswap Grants. All...

The proposal to create Uniswap Foundation has received overwhelming support from the community members, paving the way for it to become a reality. Announcing the news, Devin Walsh, along with Ken Ng, had submitted the initial idea, tweeted Wednesday, “Last night our proposal to create the Uniswap Foundation passed its final vote!” Both Walsh and Ng are Uniswap community members and former Uniswap Labs executives. The proposal put to voting from August 17 to August 23 needed...

Nessa Risley, an Uniswap user from North Carolina, invested about $10,400 on low-cap digital tokens such as EthereumMax, Matrix Samurai, and Rocket Bunny between May and July of last year. The trader has since experienced “substantial losses” and thus sought justice through legal action. On April 4, Risley launched the legal proceedings, alleging that Uniswap has failed to conduct identity checks and impose securities restrictions on “fraudsters” who use the platform to list...

Uniswap Labs – the organization behind the popular DeFi exchange – announced the launch of Uniswap Labs Ventures. As such, it intends to “bring millions of people into the emerging Web3 economy” and invest in additional crypto enterprises. Enter Uniswap Labs Ventures In a recent blog post, the company said it is “proud of the foundational products and infrastructure” it has built so far. However, it has ambitions to further interact with the emerging Web3 universe, which is...

An investor in non-fungible token (NFT) and metaverse projects, Animoca Brands, today issued a scam alert regarding a new ERC-20 token, dubbed “Animoca Brands Metaverse” on Uniswap V2. The Hong Kong-based firm said the asset fraudulently claims to be associated with it and uses the symbol “Animoca.” The Fraudulent Animoca Brands Metaverse Token According to the official press release, Animoca Brands clarified that the namesake token has no connection to the company. It urged...

Bitcoin started out as a technological experiment more than a decade ago. Since then, the global financial markets have undergone a tremendous shift. At the center of the digital currency revolution is blockchain technology which gave rise to the first-ever smart contract platform, Ethereum. Over the past years, the Ethereum network has become a significant driver offering users the ability to interact in a truly decentralized manner. Decentralized exchanges or DEXs are part...