Claim and Farm UNI by Defi Dad

Uniswap dropped a bomb on all of us last week, releasing their own governance token, UNI! With 60% of UNI tokens to be distributed to the “community,” they did a remarkable retroactive distribution of 15% of UNI (150,000,000 UNI) to be be claimed by historical liquidity providers, users (swappers), and SOCKS redeemers/holders based on a snapshot ending September 1, 2020, at 12:00 am UTC.

  • 4.92% pro-rata to all 49,192 historical LPs 49,166,400 UNI: 49 million UNI are claimable by historical liquidity providers. The formula accounts for LP liquidity on a per-second basis since the deployment of Uniswap v1, ensuring rewards are weighted towards LPs that provided liquidity when total liquidity was low.
  • 10.06% split evenly across all 251,534 historical user addresses 100,613,600 UNI: 400 UNI are claimable by any wallet address that has ever called the Uniswap v1 or v2 contracts (aka traded or tried to trade on Uniswap). This includes ~12,000 addresses that have only ever submitted failed transactions.
  • 0.02% to 220 SOCKS holders/redeemers 220,000 UNI: 1000 UNI are claimable by each address that has either redeemed SOCKS tokens for physical socks or owned at least one SOCKS token at the snapshot date.

How to claim UNI if you ever traded on Uniswap or provided liquidity

For those who have traded on Uniswap or even attempted with a failed transaction, this is the best news ever. Not only did Uniswap award LPs proportionally and 400 UNI per wallet address of traders across Uniswap v1 or v2, but for many of us who have traded with different addresses, it entitles you to multiple claims of 400 UNI.

Recently, I made a 6-minute tutorial on how to claim 400 UNI

Become a Premium Wealth Mastery Subscriber to read the whole article + get weekly investment strategies on crypto, altcoins, NFTs and more

Already have an account? Click here to login.

Related Articles

Responses

You must be logged in to post a comment.