21Shares AG List Uniswap (UNI) Based ETP in Euronext & BX Swiss

Uniswap (UNI) is emerging as an Emerging Leader in DeFi Space. 21Shares AG (“21Shares”), the world’s largest cryptocurrency ETP issuer, recently announced the listing of three ETPs on Euronext Paris, Euronext Amsterdam and  BX Swiss featuring the underlying assets Chainlink, Terra, and Uniswap, respectively.

UNI is the code. Quantity per ETP is 1.70240355 ($18.71) and reference price $10.99 (based on Mondays 7th Feb Price moment). Existing AUM is $116,957.88 and 6250 Securities are Outstanding having 18.709 NAV per Unit. Listing of UNI based ETP is a validation of Industry believing the future potential of UNI.

Uniswap is increasingly becoming important player in DeFi space. The Uniswap Protocol (“Uniswap”) has functioned as a trustless and highly decentralised financial infrastructure since its introduction.

 It is a decentralised financial system protocol that uses smart contract technology to allow one to buy, sell, and trade coins on the Ethereum blockchain. Uniswap is decentralised, so users retain complete control over their funds, unlike a centralised exchange that requires users to hand over their private keys.

The Uniswap ecosystem is a rapidly expanding network of DeFi Apps. Developers, traders, and liquidity providers all work together in an open and accessible financial marketplace. People can become liquidity partners thanks to protocol. On the Uniswap platform, people can pool their money with others and conduct trades.

protocol is based on the Ethereum vision, which enables permissionless access, security, and immutability. Uniswap is dedicated to ensure that everybody in the globe can access financial services without limitation of Geographical boundaries or counterparty risk in the future. The Uniswap protocol has supported over $20 billion in volume in less than two years ($270 million of which was socks!) Over 250,000 distinct addresses have traded 8,484 unique assets.

Over 49,000 unique liquidity providers (LPs) deposited over $1 billion in liquidity, earning $56 million in fees in the process. With integrations spanning hundreds of interfaces and apps, it has emerged Globally as a foundational DeFi architecture.

Uniswap is now exceptionally well positioned for community-led growth, development, and self-sustainability, having established product-market fit for highly decentralised financial infrastructure with a platform that has survived independently. The introduction of UNI (ERC-20) accomplishes this goal by allowing shared community ownership and a diverse governance framework to actively guide the protocol forward.

Uniswap protocol adheres to the principles of neutrality and trust minimization. It is critical that governance is limited to the bare minimum. As a result, the Uniswap governance framework is confined to contributing to protocol development and usage, as well as the broader Uniswap ecosystem’s development. Uniswap is recognised as publicly-owned and self-sustaining infrastructure and its team is committed to rigorously defend its indestructibility and autonomy.

A total of one billion UNI has been created and will be available over the next four years. This includes 60 percent for members of the Uniswap community, 21.266 percent for team members and potential employees, 18.044% for investors, and 0.69 percent for advisers.

Because of its wide array of products based on DeFi, it has a potential to become one of the preferred digital asset in times to come.

Bureau Galactik Views

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