How the UNC uniswap browser works
This article will be constantly updated. Be sure to check back every so often.
Let's discuss how the new decentralised uniswap browser works, and what all these new metrics mean.
The first thing you will notice when you open the uniswap browser is a list of ‘Trusted tokens’. These are token pairs on uniswap that have locked their uniswap liquidity. This means it's impossible to pull that percentage of liquidity from the market. Ending Rug pulls on that market until the unlock date has passed.
The trust score is calculated as follows for a pair.
Total_liquidity_tokens / total_locked_tokens (times) time_weighted_average
For each locking epoch we calculate the time_weighted_average as follows:
time_weighted_average = (unlock_time(subtract) current_time) / (1 year)
This ratio penalises tokens who lock
for small periods of time. For example if you lock 100% of your liquidity but only for 1 day, you will barely even receive 0.1% as a trust score. As you scale the unlock time to 1 year you will get closer to a 100% trust score. Clicking on a pair will take you to the pair overview page. Here you can see ‘Upcoming unlocks’ which will show the percentage of the current liquidity that will be unlocked and on which date. As you can see above, we have locked our liquidity for 2 years, and 4 years.
The above page is also where token developers will choose to ‘Lock/Withdraw’ their liquidity and gain a trust score.
If your looking for the latest trading pairs on uniswap, sort the ‘All Pairs’ by ‘Latest’. The numbers you see here (e.g. 3064) means that is the 3064th pair added to uniswap. So the higher that index, the more recently it has been added to uniswap. The percentage on the right hand side under ‘high risk’ is the percentage of the total supply of that token currently available as liquidity on uniswap.
To use the explorer on mobile or desktop, visit our web app here:
Mark — UNC