Where does UNI come from?

Solidity Programming Language
3 min readMar 29, 2021

In this short story, I will try to explain UNI minting process with etherscan’s datas.

In genesis , it is created 1.000.000.000 UNI in the uniswap space. The date is exactly 14/09/2020. Where does this information come from ?

Uniswap Protocol: Deployer”, 14 transactions have been realized in this protocol.

https://etherscan.io/token/0x1f9840a85d5af5bf1d1762f925bdaddc4201f984?a=0x41653c7d61609d856f29355e404f310ec4142cfb

400.000.000 UNI to “0x8fdb3816fe10e16aaa9b12b3c4688c873efe2eca

and this account directly sent this UNI to the 84 person/institutions.

400.000.000 UNI to “0x8fdb3816fe10e16aaa9b12b3c4688c873efe2eca

172.000.000 UNI to “Uniswap Protocol: TreasuryVester”,

This account sent 75.000.000 of UNI to the “Uniswap V2: UNI Timelock”.

TreasuryVester has 95.000.000 UNI now.

150.000.000 UNI to “Uniswap: Token Distributor”,

This account sent 132.000.000 UNI to users as a airdrop.

Token Distributor has 18.000.000 UNI now

129.000.000 UNI to “this account”, and 129.000.000 UNI is here now

https://etherscan.io/token/0x1f9840a85d5af5bf1d1762f925bdaddc4201f984?a=0xe3953d9d317b834592ab58ab2c7a6ad22b54075d

86.000.000 UNI to “this account”, and 86.000.000 UNI is here now.

https://etherscan.io/token/0x1f9840a85d5af5bf1d1762f925bdaddc4201f984?a=0x4b4e140d1f131fdad6fb59c13af796fd194e4135

43.000.000 UNI to “this account”, and 43.000.000 UNI is here now.

https://etherscan.io/token/0x1f9840a85d5af5bf1d1762f925bdaddc4201f984?a=0x3d30b1ab88d487b0f3061f40de76845bec3f1e94

20.000.000 UNI to “this account”.

This account sent this UNI to four different pool ( ETH/DAI, ETH/WBTC, ETH/USDC, ETH/USDT) in uniswap.

https://etherscan.io/token/0x1f9840a85d5af5bf1d1762f925bdaddc4201f984?a=0x3032ab3fa8c01d786d29dade018d7f2017918e12

ETH/DAI UNI Pool — minted -4.990.000 UNI

ETH/WBTC Pool- minted- 4.997.000 UNI

ETH/USDC Pool — minted- 4.980.000 UNI

ETH/USDT Pool -minted -4.975.000 UNI

Dr. Engin YILMAZ @veridelisi

My algoritm says that there is nearly 550 million (1 billion — 449 million)UNI circulating in uniswap space.Nevertheless, etherscan says that 519 million UNI. :)

https://etherscan.io/token/0x1f9840a85d5af5bf1d1762f925bdaddc4201f984#tokenInfo

Thank you for listening to me. Special thanks to Hayden Adams because he didnt reply my questions.

Engin YILMAZ / 2021 / Ankara @veridelisi

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Solidity Programming Language

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