Uniswap (UNI) is an Ethereum token that powers Uniswap, an automated liquidity provider that’s designed to make it easy to exchange Ethereum (ERC-20) tokens. There is no orderbook or central facilitator on Uniswap. Instead, tokens are exchanged through liquidity pools that are defined by smart contracts.
This month marks the first time since November 2020 that the monthly DEX volume has decreased, according to data gathered by The Block. The post March decentralized exchange volumes fell by 8% appeared first on The Block.
Fei Labs, the firm behind the Fei Protocol stablecoin, raised 639,000 ETH, roughly $1.27 billion at current prices, in commitments for its Fei Protocol stablecoin on Saturday. The ETH raised will be used as collateral to mint Fei stablecoins. According to Fei Labs, over 17,000 unique addresses participated in the “Genesis” event of the Fei […] The post Fei Labs raises over $1.2 billion for its stablecoin project appeared first on The Block.
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