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Uniswap finally equips itself with a governance token

Real cog of the decentralized finance (Challenge), Uniswap is now uniquely positioned for community-led growth, development and empowerment.

With this in mind, the team decided to introduce theUNITED, a ERC20 token allowing users to have a weight for the future of the protocol.

“Uniswap has always adhered to the principles of neutrality and the minimization of trust: it is crucial that governance is limited to areas where it is strictly necessary. With this in mind, the Uniswap governance framework is limited to contributing to the development and use of protocols as well as the development of the larger Uniswap ecosystem, ”says Uniswap.

UNI token holders are therefore invited to participate in the governance proposals for Uniswap. Note that Uniswap team members will not directly participate in governance, although they may delegate votes.

Although the developers don’t mention it, the arrival of the UNI token is a direct response to its clone SushiSwap and its SUSHI token. As a war broke out between the two protocols over who would attract the most cash, SushiSwap managed to vampirize more than $ 830 million once locked on Uniswap.

???? Find out more – SushiSwap, a brief history of a vampire attack on Uniswap

How will UNI be distributed?

According to Uniswap’s blog post, 1 billion UNI tokens were forged, which will be distributed over a period of 4 years as follows:

60.00% to Uniswap community members 21.51% to team members and future employees with a 4 year restrictive covenant 17.80% to investors with a 4 year restrictive covenant 0.69% to advisors with a 4-year restrictive covenant

Note that from the 5th year, a annual inflation rate of 2% will be applied.

15% of the total supply has already been distributed to former users, i.e. 150,000,000 UNI. So, if you have used Uniswap before (before September 1, 2020), you can recover 400 UNI in the form of an airdrop by going to the platform.

To begin with, UNI is available through four liquidity pools, USDT,USDC,wBTC and DAI. Outside of Uniswap, the UNI token is already available on the platform Binance and Coinbase Pro, and is trading at the time of this writing for around $ 3.6.

By selling your UNI directly, you can therefore get between several hundred dollars, depending on the price of the UNI token when you sell it. As I write these lines, 400 UNI correspond to 1,440 dollars.

Thanks Uniswap!

Armed with its own governance token, Uniswap is now able to resist the invader. SushiSwap, SashimiSwap and all its clones are not as interesting as they used to be. Furthermore, the SUSHI price has suffered since the introduction of the UNI token.

In the days to come, it is quite possible that Uniswap’s liquidity greatly increases. At the same time, this spectacular craze for the UNI token should probably calm down, as should the significant volatility of its price.

???? Discover our full tutorial on the Uniswap platform

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About the Author : Clement Wardzala

Editor-in-chief of Cryptoast, I discovered Bitcoin and blockchain technology in 2017. Since then, I have strived to share qualitative content so that the sector is democratized among everyone.
All articles by Clément Wardzala.

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Tyldesley launches campaign to axe controversial handball rule as Neville and Hodgson blast ‘nonsense ruining football’

ICONIC commentator Clive Tyldesley has launched an impassioned plea for fans up and down the nation to rise up and stand against the unpopular new handball rule.

Controversy was sparked once again yesterday, when Joel Ward was harshly penalised for a 'handball' after the ball struck him from close range.

4Tydesley pleaded with his followers to stand up against the handball rule

Stop moaning about handball and do something to change it. Join me?... @FIFAcom @TheIFAB

— Clive Tyldesley (@CliveTyldesley) September 27, 2020

And Slaven Bilic was left furious after the ball struck Kai Havertz in the build-up to Chelsea's stoppage time equaliser at West Brom.

Amid the chaos Tyldesley, 66, wants fans to campaign to IFAB - football's lawmakers.

He said: "This post is about handball, no, don't press stop - you can change this.

"Roy Hodgson nailed it yesterday, we have let this happen. I've never known football so united about anything but it's our fault, we demanded consistency and that's what we've got - consistent insanity.

"The handball law is there to stop outfield players catching the ball or punching it away deliberately.

"The lawmakers have tried to make things clearer by defining deliberate... you cannot define deliberate.

"Intent is in the mind, it's not in the body shape, we've all got different body language.

"Deliberate handball is a matter of opinion and always will be, get used to it. Don't try to enshrine it in a hundred different directives.

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"These laws are not just for the Premier League and VAR, they are for all of the world's greatest game.

"So who's going to protect the referee who gives one of these handball penalties in a Sunday league game in East London this morning?

"Who's going to tell the eight-year-old that cost their team a cup final that their body shape was unnatural?

"Yes there are bigger issues in the game, clubs going under, people being abused, and maybe we can change those in time too.

"But we can change this now. My opinion, just strip the law back so handball must be deliberate.

David Elleray is director of IFAB, let him know what you think

Clive Tyldesley

"If you want to add hand to ball not ball to hand as a guideline, fine. But full stop.

"At least we can then argue about individual intent, rather than individual body silhouette.

"David Elleray is director of IFAB, let him know what you think. Do not be abusive to him. Contact him and put your views rationally and reasonably, David Elleray."

Ward can perhaps count himself as the unluckiest player in the Premier League this weekend, having given away the controversial kick.

Ex-Manchester United star Gary Neville was incensed when he saw the incident back, tweeting: "I’m just catching up with the action from yesterday and I’m fuming with that handball against Palace!

"Stop this please now @premierleague as this can’t carry on! VAR is starting to smooth out and this nonsense comes in!"

I’m just catching up with the action from yesterday and I’m fuming with that handball against Palace! Stop this please now @premierleague as this can’t carry on! VAR is starting to smooth out and this nonsense comes in!

— Gary Neville (@GNev2) September 27, 2020

And Ward's manager Hodgson, 73, was also unhappy.

He said: "It's completely unacceptable. It's destroying my enjoyment of the game of football.

"I can't understand how everyone in the game - the Premier League, referees, managers and coaches - have allowed this rule to come into operation.

"I don't want to profit from it or lose from it.

"I predict what will happen is players will start flicking the ball onto a hand and screaming 'handball'.

"I do not believe in the rule. People in football find it hard to accept. The referee doesn't think it is handball either. He doesn't want to give it but has to, because that's what he is told to do."

4Joel Ward was devastated after giving away the spot-kickCredit: Reuters 4TV replays showed the ball hitting Havertz's armCredit: Sky Sports

More controversy was sparked at the Hawthorns, when Kai Havertz wasn't penalised when the ball clearly struck his arm in the build-up to Chelsea's equaliser.

West Brom manager Bilic fumed after the match: "It's not that it looks like [a handball] or that it might be a handball, but what do you want me to do now? To say what I want to say and they fine me again? It's unbelievable.

"You have a bunch of guys there who did everything to win the game, who defended great and to have two points taken from us in this manor with VAR is completely beyond me.

"I told the guys before the game this is a game of character, a game of mentality. We can't outclass them but we can out-run them. We can't give them anything but must grab whatever they give you and create and score goals.

"It is a very good performance from us but at the same time we are extremely disappointed with the outcome. Before the game it is a good point for us but the way it happened in the dying seconds of the game - it's unbelievable."

Messi REFUSES to shake hands with referee after goal chalked off for handball in Barcelona's 3-1 win over Napoli

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