Uniswap's $UNI Governance Token

Uniswap gave 251k Ethereum Addresses (users) 400 $UNI tokens ($1750) each

Uniswap proved once again how much of a DeFi powerhouse it truly is. After losing over $1B of liquidity to the SushiSwap Vampire Attack a couple weeks back, Uniswap has now attracted a total liquidity back up to near $2B.

Gas prices exceeded 750+ gwei after news of the $UNI token dropped. Miners were earning 10+ ether per block for nearly 12 hours. For reference, the regular inflation reward is 2 ether per block so 8+ ether was paid per block in transaction fees. This made the Ethereum network pretty much unusable for anyone experimenting with applications. Ethereum also experienced its highest number of 1,406,016 transactions on Thursday, September 17, 2020.

Market Update (Monday 8:30 AM EST)

Percent Change (Rounded) Based on Last Monday Open (8:30 AM EST)

Bitcoin- $10,598 (-2%)

Ether- $346.56 (-10%)

Gold- $1,887 (-3%)

DJI Average- 27,484 (-1%)

NYSE Composite Index- 12,617 (-2%)

NASDAQ Composite Index- 10,610 (-4%)

S&P500 Index- 3,285 (-3%)

New Developments

1. Skale Completes $5M Token Sale on ConsenSys Platform, CoinDesk

2. Uniswap Governance Token, Uniswap Blog

3. Introducing Upshot One; A Q&A Protocol

4. Introducing Harvest.io, the world’s first cross-chain money market

5. This Week in Blockfolio Signal — Ethereum, Tezos, Polkadot, iExec

6. Accenture Joins Baseline Protocol as Sponsor, EEA

7. Kraken Wins Bank Charter Approval, Kraken Blog

Industry Insights

• Enterprises Need Third Parties for Oracles to Work, Paul Brody

• Zcash Value Thesis, Placeholder VC

• Stop Burning Tokens - Buyback and Make Instead, Joel Monegro

• Bitcoin Explainer For Your Mom, Forbes

• Michael Saylor, CEO of Microstrategy, Confirms Bitcoin Rumors

  Michael Saylor @michael_saylor

  On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.

For Developers

1. Binance Smart Chain Documentation, Binance Docs

2. Ethereum Developer Guide, Snake Charmers

3. EEA Ethereum Developer Survey

4. How Diamond Storage Works, Nick Mudge

5. How To Code Gas-Less Tokens on Ethereum, HackerNoon

Blockchain Activity

Create an owner of a contract with an event, constructor, modifier, and functions:

*Tools: Metamask, Remix IDE, Ethereum

# set pragma

pragma solidity ^0.5.0;

# contract

contract Owner {

    address private owner;
    
    // event for EVM logging
    event OwnerSet(address indexed oldOwner, address indexed        newOwner);

    // modifier to check if caller is owner
    modifier isOwner() {
    require(msg.sender == owner, "Caller is not owner");
        _;
    }

    constructor() public {
        owner = msg.sender; // 'msg.sender' is sender of           current call, contract deployer for a constructor
        emit OwnerSet(address(0), owner);
    }

    function changeOwner(address newOwner) public isOwner {
        emit OwnerSet(owner, newOwner);
        owner = newOwner;
    }

   function getOwner() external view returns (address) {
        return owner;
    }

Earn Opportunity

The past week Uniswap announced the launch of their native governance token $UNI. This token will be used as an incentive mechanism for liquidity providers on Uniswap as well as voting and proposing within the protocol itself. Uniswap nailed the community distribution mechanism by designating 400 $UNI ($2000+) to any Ethereum address that has ever interacted with Uniswap for trading or liquidity provision purposes. You can read more about the Uniswap governance token here.