Uniswap Background

The background of the uniswap platform. Uniswap is the leading example of an automated market maker amm a type of exchange or swap pool where theres no counter party required to trade other than open decentralized liquidity pools.

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Then in april 2019 the startup managed to raise 1 million usd in a.

Uniswap background. These amms require no or very low listing fees and their trading volumes can be as high as top exchanges. Sybil maps on chain addresses to digital identities to maintain a list of delegates all while avoiding pesky user signups on chain transactions and manual record keeping. Uniswap is an open source protocol for swapping erc 20 tokens and runs on the ethereum network.

In this regard uniswap is technically a decentralized exchange dex. Today were excited to introduce sybil a governance tool for discovering delegates. Uniswap governance will be live from day one although control over the treasury will be delayed until october 17 2020 1200am utc.

The history of uniswap started when a small uniswap team which included less than 10 employees received a 100000 usd grant from the ethereum foundation and made everything possible to use these funds to the advantage of the platform. Background launched in november of 2018 uniswap was founded by hayden adam a young yet talented developerdesigner who was relatively new to solidity. Uniswap has set the standard for automated liquidity provision.

It consists of a series of smart contracts that allow anyone to directly trade with other users on the ethereum chain. With a 100k grant from the ethereum foundation hayden and his small team of less than 10 were able to build a compelling dex which has garnered significant traction since launch. It is now time to set the benchmark for responsible but radical long term aligned on chain governance systems.

We hope that sybil can grow adoption of uniswaps governance system and encourage both existing and future uniswap delegates to.

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