Uniswap’s new trading fee neglects UNI holders
The post Uniswap’s new trading fee neglects UNI holders appeared on BitcoinEthereumNews.com. The world’s largest so-called decentralized exchange, Uniswap, has introduced a 0.15% fee on its most popular trading pairs — a move that will not benefit UNI tokenholders. Incredibly, Uniswap Labs founder Hayden Adams claims that this new fee is separate from Uniswap Protocol’s fee switch function, which UNI token holders govern. Aggravating UNI holders with this decision continues a long history of overlooking Uniswap’s curious coin offering. Indeed, the price of UNI has declined 91% since its all-time high. Worse, Uniswap functioned for two years without the need for any governance token. Coinciding with a generous allocation to Adams and a group of early insiders, Uniswap oddly bolted its UNI token onto its otherwise well-functioning ecosystem on September 16, 2020. With $3 billion in total value locked (TVL) and a #1 ranking on DEX volume leaderboards, Uniswap.org is by far the world’s most popular website to swap digital assets in a non-custodial manner. It has processed trillions of dollars worth of transactions since its inception. Uniswap charges extra 0.15% on website, wallet The new fee will impact trading pairs that include two of the following tokens: ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD. Swaps between stablecoins or between ether and wrapped ether will not be charged the additional fee. Furthermore, a Uniswap spokesperson told CoinDesk that she “just wanted to clarify that both the input and output tokens need to be on the list for the fee to apply (not just on one end).” In any case, Adams’ new 0.15% fee only affects users of Uniswap’s website and wallet (API and other on-chain users can avoid it). Developers say the new fee will help sustainably fund the protocol. He also boasted that the 0.15% fee is among the lowest for digital asset exchanges and should…
The post Uniswap’s new trading fee neglects UNI holders appeared on BitcoinEthereumNews.com.
The world’s largest so-called decentralized exchange, Uniswap, has introduced a 0.15% fee on its most popular trading pairs — a move that will not benefit UNI tokenholders. Incredibly, Uniswap Labs founder Hayden Adams claims that this new fee is separate from Uniswap Protocol’s fee switch function, which UNI token holders govern. Aggravating UNI holders with this decision continues a long history of overlooking Uniswap’s curious coin offering. Indeed, the price of UNI has declined 91% since its all-time high. Worse, Uniswap functioned for two years without the need for any governance token. Coinciding with a generous allocation to Adams and a group of early insiders, Uniswap oddly bolted its UNI token onto its otherwise well-functioning ecosystem on September 16, 2020. With $3 billion in total value locked (TVL) and a #1 ranking on DEX volume leaderboards, Uniswap.org is by far the world’s most popular website to swap digital assets in a non-custodial manner. It has processed trillions of dollars worth of transactions since its inception. Uniswap charges extra 0.15% on website, wallet The new fee will impact trading pairs that include two of the following tokens: ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD. Swaps between stablecoins or between ether and wrapped ether will not be charged the additional fee. Furthermore, a Uniswap spokesperson told CoinDesk that she “just wanted to clarify that both the input and output tokens need to be on the list for the fee to apply (not just on one end).” In any case, Adams’ new 0.15% fee only affects users of Uniswap’s website and wallet (API and other on-chain users can avoid it). Developers say the new fee will help sustainably fund the protocol. He also boasted that the 0.15% fee is among the lowest for digital asset exchanges and should…
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