What Is Uniswap (UNI)?
UNI is the governance token of the Uniswap protocol, one of the earliest and largest decentralized exchanges (DEXs) in the DeFi ecosystem.
Its core purposes are to:
- Give holders voting rights over Uniswap protocol decisions,
- Enable the community to influence incentives, fee policies, treasury usage,
- Reward early users and liquidity providers, and align them with the long-term growth of the protocol.
At the same time, UNI is an ERC-20 token, which means:
- It is freely tradable on centralized and decentralized exchanges,
- It can be stored in standard Ethereum-compatible wallets,
- It can be used on Betida as a crypto deposit, withdrawal and betting currency.
For Betida players, UNI is:
- A familiar asset for users already active in DeFi,
- A liquid Ethereum-based token,
- An additional crypto option for casino and sports betting.
A Brief History of UNI
Uniswap pioneered the automated market maker (AMM) model on Ethereum. UNI was introduced to align the protocol with community governance.
High-level timeline:
- 2018 – Uniswap protocol launches on Ethereum, enabling token swaps via liquidity pools.
- 2020 – The UNI governance token is introduced and a major airdrop rewards early users and LPs. UNI becomes the official governance token for Uniswap.
- Uniswap v2 / v3 – New versions of the protocol improve capital efficiency and user experience. UNI governance continues to steer protocol evolution.
- Multichain presence – Over time, Uniswap expands to additional chains and L2s, while UNI remains primarily known as an ERC-20 token on Ethereum.
Today, UNI is one of the best-known governance tokens in DeFi.
How Does UNI Work?
Technically, UNI is:
- An ERC-20 token on the Ethereum blockchain,
- Supported by a wide range of CEXs, DEXs and wallets,
- Primarily used for governance and protocol alignment.
UNI holders can:
- Participate in or delegate governance votes on protocol upgrades and parameters,
- Influence incentive programs and treasury allocations,
- Combine UNI with DeFi strategies (e.g. liquidity provision, staking, or farming in compatible products).
From Betida’s perspective, aside from its governance role, UNI functions as:
- A transferable token subject to Ethereum network fees (gas paid in ETH),
- A currency that can be deposited to and withdrawn from Betida via the supported UNI network (typically ERC-20).
How Does UNI Compare to BTC, ETH, USDT, and BNB?
UNI vs Bitcoin (BTC)
- BTC
- Native coin of the Bitcoin network, PoW-based
- Widely viewed as digital gold and a long-term store of value
- UNI
- ERC-20 governance token of Uniswap
- Value is tied to DeFi protocol usage and governance expectations
BTC sits in the macro “store of value” category;
UNI is a DeFi protocol token tied to Uniswap.
UNI vs Ethereum (ETH)
- ETH
- Native coin of Ethereum
- Used to pay gas, secure the network, and power all Ethereum-based activity
- UNI
- ERC-20 token on Ethereum
- Used for Uniswap governance, and relies on ETH for gas when transferred
ETH is the “fuel” of the Ethereum network,
UNI is the governance and value token of the Uniswap protocol.
UNI vs USDT (Tether)
- USDT
- A stablecoin targeting 1 USDT ≈ 1 USD
- Designed specifically to avoid volatility
- UNI
- A volatile governance token, whose price is driven by DeFi sentiment and the broader crypto market
On Betida:
- USDT is better if you want a dollar-like, stable balance,
- UNI is for players happy to accept price swings and who like the connection to DeFi and Uniswap.
UNI vs BNB
- BNB
- Native coin of BNB Chain; used for gas and ecosystem utility
- UNI
- Governance token of a DEX protocol running primarily on Ethereum
BNB is a chain-level ecosystem coin,
UNI is a DEX-level governance token.
Depositing and Withdrawing UNI on Betida
Below is the general flow for using UNI on Betida. Exact button labels may differ slightly, but the logic is the same.
How to Deposit UNI to Betida
- Log in to your Betida account.
- Navigate to the Wallet / Vault section from the main menu or your profile.
- Click Deposit.
- Choose Crypto, then select Uniswap (UNI).
- Check which network Betida supports for UNI (typically Ethereum – ERC-20).
- Betida will display a UNI deposit address (and usually a QR code) on that network.
- Copy the address carefully.
- From your personal wallet (e.g. Metamask) or exchange account:
- Select the same UNI network as shown by Betida (e.g. Ethereum / ERC-20)
- Initiate a transfer of UNI to your Betida UNI deposit address
- Enter the amount of UNI to send and confirm. Remember you will need ETH for gas when sending from an Ethereum wallet.
- After sufficient confirmations on the Ethereum blockchain, your UNI balance will appear in your Betida wallet.
Important:
- UNI may exist as bridged or wrapped versions on other networks. Always match the exact network Betida supports.
How to Withdraw UNI from Betida
- Log in to your Betida account and open the Wallet / Vault section.
- Ensure your UNI balance is above the minimum withdrawal threshold.
- Click Withdraw and select UNI.
- Paste your personal UNI wallet address (compatible with the supported network, typically Ethereum / ERC-20).
- Enter the amount of UNI you wish to withdraw within the allowed limits.
- Confirm the withdrawal and wait for confirmations on the corresponding blockchain.
If you encounter any issues, Betida’s Help Center and customer support can assist with UNI deposits and withdrawals.
Using UNI on Betida: Casino and Sports Betting
UNI can be used as a DeFi-native, liquid currency for both casino and sports betting on Betida.
Playing Casino Games with UNI
- Create a Betida account or log in to your existing one.
- Check your UNI balance; deposit more UNI if needed.
- Navigate to the Casino section and explore:
- Slot games
- Table games (e.g., blackjack, roulette)
- Live casino tables
- On each game page, review:
- Minimum and maximum bet sizes (in UNI or equivalent)
- Game rules and paytables
- Any available RTP and volatility information
- Set a clear UNI budget for your session and stick to it using responsible gaming practices.
Placing Sports Bets with UNI
- After logging in, open the Sports section on Betida.
- Browse upcoming and live events across your favourite sports and leagues.
- Select an event to see:
- Current odds
- Available betting markets
- Live stats and information where provided
- Choose from markets such as:
- Match result (1X2)
- Handicap
- Totals (over/under)
- Player and special props
- Single and combo bets
- Add your selections to the bet slip, enter your stake in UNI, review the potential payout, and confirm your bet.
Once bets are settled, winnings are credited back to your Betida wallet in UNI.
Advantages and Considerations When Using UNI on Betida
Key Advantages
- Strong DeFi brand – UNI is closely tied to one of the most influential DEXs in crypto.
- High liquidity – Widely traded across major exchanges and DEXs.
- Ethereum ecosystem fit – Ideal for players already using Ethereum and Uniswap.
Things to Be Aware Of
- Price volatility – UNI is not a stablecoin; its price can move significantly based on DeFi sentiment and overall market conditions.
- Gas costs – As an ERC-20 token, UNI transfers require ETH for gas. Network congestion can increase transaction fees.
- DeFi and protocol risk perception – UNI’s value narrative is tied to Uniswap and DeFi; users should assess this in line with their own risk tolerance.
Promotions, VIP, and Responsible Gaming with UNI
When you use UNI on Betida, you can still enjoy:
- Eligible casino and sports promotions,
- Long-term rewards via the Betida VIP program,
- Benefits such as cashback, reload bonuses, special campaigns, and at higher levels, dedicated VIP hosts (where available and subject to terms).
At the same time, Betida emphasizes responsible gaming:
- Treat your UNI balance as real money, factoring in its price volatility.
- Set clear limits on deposits, stakes, and playing time.
- Avoid chasing losses or increasing stakes impulsively.
- Use available tools and limits to manage your play, and take breaks when needed.
Summary: Why Consider Using Uniswap (UNI) on Betida?
Uniswap (UNI) offers Betida players:
- A DeFi-native, governance-driven asset tied to a leading DEX,
- Deep liquidity and broad exchange support,
- An alternative crypto payment option for casino and sports betting.
If you’re already active in DeFi, comfortable with Ethereum, and keen to use a governance token you know from Uniswap within your gaming activity, UNI can be a distinctive and powerful part of your crypto setup on Betida Casino & Sportsbook.
