Cosima
Bitcoin.pdf
"However, we note that even if Bitcoin were to replicate
just a small fraction of its historical performance, it could
still outperform traditional asset classes. This might suggest
a justification for some exposure, despite its extraordinary
high volatility." - UBS
just a small fraction of its historical performance, it could
still outperform traditional asset classes. This might suggest
a justification for some exposure, despite its extraordinary
high volatility." - UBS
Claim your Uniswap token !!
UNI contract address: 0x1f9840a85d5aF5bf1D1762F925BDADdC4201F984
UNI contract address: 0x1f9840a85d5aF5bf1D1762F925BDADdC4201F984
Forwarded from RJ
Uniswap $UNI economics
1 billion genesis minted
40% with 4 year vesting
60% for community members
15% is immediately released in airdrops
Fixed 49M is rewarded to historical LPs
So 199M UNI is claimable by users and historical LPs right now. Ignoring the unclaimed tokens this means the market cap at $3 per token is roughly $597M. The fully diluted market cap is $3B.
Looking at SUSHI to compare, Uniswap annualized revs are 2x Sushiswap with $434M vs $211M. Sushiswap market cap is currently $147M.
UNI incentives: Liquidity mining
An initial liquidity mining program will go live Sept 18 until Nov 17 with four Uniswap pools including USDT, USDC, DAI and wBTC.
A total of 5M UNI will be allocated per pool to LPs proportional to liquidity, which translates to 83.333,33 UNI per pool per day. This is a pretty lean reward on itself but at the same time means the circulating supply will only increase at a slow pace.
Concluding we have about 200M tokens in circulation right now and 20M to be added by liquidity mining over the coming three months. Some more will be added through the community treasury pool but we can't calculate how much that will be exactly. However, we can logically expect other projects to launch UNI farming pools which will in turn lock up a good part of it.
All in all the airdrop sellers will pressure the price at the start but once the incentives go live and we see more pools popping up I think it can easily aim for higher prices. Personally selling a few wallets just to flip but keeping the rest and may add more on oversold lows.
By the way there is no time limit on the airdrop. Claims are valid forever.
1 billion genesis minted
40% with 4 year vesting
60% for community members
15% is immediately released in airdrops
Fixed 49M is rewarded to historical LPs
So 199M UNI is claimable by users and historical LPs right now. Ignoring the unclaimed tokens this means the market cap at $3 per token is roughly $597M. The fully diluted market cap is $3B.
Looking at SUSHI to compare, Uniswap annualized revs are 2x Sushiswap with $434M vs $211M. Sushiswap market cap is currently $147M.
UNI incentives: Liquidity mining
An initial liquidity mining program will go live Sept 18 until Nov 17 with four Uniswap pools including USDT, USDC, DAI and wBTC.
A total of 5M UNI will be allocated per pool to LPs proportional to liquidity, which translates to 83.333,33 UNI per pool per day. This is a pretty lean reward on itself but at the same time means the circulating supply will only increase at a slow pace.
Concluding we have about 200M tokens in circulation right now and 20M to be added by liquidity mining over the coming three months. Some more will be added through the community treasury pool but we can't calculate how much that will be exactly. However, we can logically expect other projects to launch UNI farming pools which will in turn lock up a good part of it.
All in all the airdrop sellers will pressure the price at the start but once the incentives go live and we see more pools popping up I think it can easily aim for higher prices. Personally selling a few wallets just to flip but keeping the rest and may add more on oversold lows.
By the way there is no time limit on the airdrop. Claims are valid forever.
A lot of people continue to ask me about "DeFi", yield farming, and liquidity pools.
Here is a decent walkthrough pertaining to adding liquidity to the Uniswap DEX protocol.
Here is a decent walkthrough pertaining to adding liquidity to the Uniswap DEX protocol.
Not directly related but good article:
https://techinsights.linklaters.com/post/102gei5/digital-money-not-worth-the-paper-its-written-on
https://techinsights.linklaters.com/post/102gei5/digital-money-not-worth-the-paper-its-written-on
Passle
Digital money: not worth the paper it’s written on? (via Passle)
What is a £20 banknote actually worth? In law, nothing more than two £10 notes: the holder has (only) the right to cash it in for two lower denomination...