In the field of cryptocurrency, Vitalik Buterin’s name is like a flag. Uniswap (UNI), as an important member of the DeFi world, has always been committed to innovation and development. Today, the cooperation between Buterin and Uniswap has once again triggered heated discussions in the industry. They jointly launched an unprecedented plan: to develop an ETH/USD price prediction machine, and the UNI token will become the core of this prediction machine. This news was like a depth charge, detonating the entire cryptocurrency community. Let’s take a deep dive into this compelling collaboration and see what changes it will bring to the entire DeFi industry.

Uniswap has always been one of the high-profile projects in the DeFi field, and its innovation in the decentralized exchange model has attracted the attention of the traditional financial industry. As the founder of Ethereum, Buterin is also a leading figure in the blockchain world. The cooperation between the two will undoubtedly set off a new storm. By developing an ETH/USD price prediction machine, Uniswap and Buterin will inject new vitality into the DeFi market while also providing cryptocurrency investors with more diversified investment options.

In this era of change, the competition in the DeFi market is extremely fierce, and cooperation between projects is particularly important. Uniswap chose to cooperate with Buterin to develop the ETH/USD price prediction machine not only to achieve a technological breakthrough, but also to demonstrate its open and inclusive attitude to the entire industry. As the core of the oracle, the UNI token will serve as a bridge between Ethereum prices and actual market prices, providing investors with more accurate price predictions, reducing investment risks, and improving investment efficiency.

As the DeFi market continues to develop, investors' demand for price predictions is growing. The launch of the ETH/USD price prediction machine will fill the market gap and satisfy investors' concerns and needs for price fluctuations. Through the application of UNI tokens, the oracle will achieve more efficient and accurate price predictions, provide investors with a more diversified reference basis, and help them make smarter investment decisions.

In addition to bringing convenience to investors, the launch of the ETH/USD price prediction machine will also inject new vitality into the entire DeFi market. As a joint project between Uniswap and Buterin, this prediction machine will become a shining pearl in the DeFi industry, bringing new opportunities and challenges to the development of the entire industry. Through technological innovation and win-win cooperation, Uniswap and Buterin will surely create a new chapter in the DeFi industry and lead the future development direction of the industry.

To sum up, Uniswap teamed up with Buterin to develop an ETH/USD price prediction machine, which will bring new opportunities and challenges to the DeFi market. As the industry leader, the cooperation between Uniswap and Buterin will inject new vitality into the entire cryptocurrency industry and promote the development of the DeFi market in a more open and inclusive direction. We look forward to the successful launch of this cooperation project and believe that it will have a profound impact on the entire industry. Let us wait and see and witness the brilliant future of the DeFi industry together.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Ethereum founder Vitalik Buterin
Buterin published a proposal today (12th) on the governance forum of Uniswap, the largest decentralized finance (DeFi) project on Ethereum, arguing that Uniswap should try to provide predictive price data for the ETH/USD trading pair in order to get rid of the existing ETH/USDC price feeding framework, and it is proposed that the existing UNI serve as the oracle token.

Buterin pointed out that the current algorithmic stablecoins on the market have not really got rid of their dependence on legal currency. Currently, other oracles use the ETH/USDC price to feed prices, and there is still an indirect dependence on legal currency. The hidden crisis behind this is that if the traditional financial world takes action, the stable currency issued with spot US dollars as reserve assets will collapse instantly.

“Taking the median of multiple ETH/stablecoin rates (such as USDC, GUSD, and USDT) is a minor improvement at best. If we want to return to the original purpose of algorithmic stablecoins, we need one that can provide ETH/USD at Price oracles in the real world.”

Buterin also specifically mentioned the reason why he hopes UNI will become an oracle token, pointing out that it is to prevent Sybil attacks (Sybil-
attack), tokens that can be used as a voting mechanism are currently the most valuable solution, and Uniswap is the oracle machine in its future blueprint, and the platform token UNI is the most appropriate ready-made solution.

After Buterin published his proposal, the price of UNI also surged, reaching a maximum of $44.07. Before the deadline, the price of UNI was reported at US$43.4, with an increase of as much as 22.6% in 24 hours.

Replace Chainlink? 

It is worth mentioning that Chainlink has already developed well on the Ethereum network as an oracle for receiving external data. Buterin also praised the application of Chainlink, but he believed that Uniswap as an oracle providing data would be Simple alternative.

The Chainlink oracle system maintains the operation of the Chainlink network with 126 nodes, and the nodes bring data obtained from the outside into Ethereum. However, this also results in a very high operating cost for running Chainlink nodes.

“Chainlink is a complex system with many features, and there needs to be a simple alternative that complements Chainlink to optimize incentives and minimize costs.”

Butlin further pointed out that Layer
The 2 project should be more ambitious than the Layer 1 project that emphasizes simplicity and autonomy, and mentioned that Uniswap, as a decentralized exchange at the core of the Ethereum ecosystem, should bear more responsibilities, and providing price predictions is the first step.

Compared with the surge in the price of UNI, Chainlink's platform token Link fell slightly after Buterin published this proposal, falling from the recent high of US$49.9, and was quoted at US$48.46 before the deadline, a slight decrease of 3.04%.