Crypto exchange Uniswap imposes a 0.15% fee
The post Crypto exchange Uniswap imposes a 0.15% fee appeared on BitcoinEthereumNews.com. In a move set to impact the heart of the decentralized finance (DeFi) world, Uniswap, the decentralized crypto exchange, is set to introduce a 0.15% fee for specific token exchanges on its web interface and wallet starting on 17 October. This development aims to ensure Uniswap’s financial sustainability and reinforce its ongoing commitment to providing top-notch services in the dynamic realm of cryptocurrencies and DeFi. Uniswap crypto exchange’s introduction of a 0.15% fee for token swaps on web interface and wallet Uniswap, the decentralized cryptocurrency exchange, will introduce a new fee structure on 17 October. This 0.15% fee will apply to specific token swaps conducted on Uniswap’s web interface and wallet. Notably, this new fee structure is distinct from the Uniswap protocol fee exchange, which is determined by UNI token governance. Affected tokens subject to this 0.15% fee include Ethereum (ETH), USDC, Wrapped Ethereum (WETH), Tether (USDT), DAI, Wrapped Bitcoin (WBTC), agEUR, GUSD, LUSD, EUROC, and XSGD. Uniswap officially announced this development on its website. Uniswap founder Hayden Adams stressed the importance of this fee to support the continued development of the platform. He stated: “Our interface remains the best – an enormous amount of love (and money) goes into making it so.” Despite the introduction of this fee, the cost of Uniswap’s interface remains one of the most competitive in the industry. It is critical to distinguish this new fee from the current 0.3% fees for liquidity pools and the evolving protocol fee, which is expected to increase from 0% following a governance vote. The Block Research estimates that given Uniswap’s current trading volumes, this new token fee structure is expected to generate about $1 million per day. The specific token pairs mentioned above represent about $580 million in daily trading volume, which translates into about $870,000 in swap…
The post Crypto exchange Uniswap imposes a 0.15% fee appeared on BitcoinEthereumNews.com.
In a move set to impact the heart of the decentralized finance (DeFi) world, Uniswap, the decentralized crypto exchange, is set to introduce a 0.15% fee for specific token exchanges on its web interface and wallet starting on 17 October. This development aims to ensure Uniswap’s financial sustainability and reinforce its ongoing commitment to providing top-notch services in the dynamic realm of cryptocurrencies and DeFi. Uniswap crypto exchange’s introduction of a 0.15% fee for token swaps on web interface and wallet Uniswap, the decentralized cryptocurrency exchange, will introduce a new fee structure on 17 October. This 0.15% fee will apply to specific token swaps conducted on Uniswap’s web interface and wallet. Notably, this new fee structure is distinct from the Uniswap protocol fee exchange, which is determined by UNI token governance. Affected tokens subject to this 0.15% fee include Ethereum (ETH), USDC, Wrapped Ethereum (WETH), Tether (USDT), DAI, Wrapped Bitcoin (WBTC), agEUR, GUSD, LUSD, EUROC, and XSGD. Uniswap officially announced this development on its website. Uniswap founder Hayden Adams stressed the importance of this fee to support the continued development of the platform. He stated: “Our interface remains the best – an enormous amount of love (and money) goes into making it so.” Despite the introduction of this fee, the cost of Uniswap’s interface remains one of the most competitive in the industry. It is critical to distinguish this new fee from the current 0.3% fees for liquidity pools and the evolving protocol fee, which is expected to increase from 0% following a governance vote. The Block Research estimates that given Uniswap’s current trading volumes, this new token fee structure is expected to generate about $1 million per day. The specific token pairs mentioned above represent about $580 million in daily trading volume, which translates into about $870,000 in swap…
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