Uniswap introduces commission on individual swaps

Decentralized exchange Uniswap will begin charge a commission 0.15% for swaps in the web interface and wallets for a “limited set of tokens.”

The decision will affect the following assets: ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, XSGD.

Trading fees will not apply to transactions between stablecoins, as well as value transfers between WETH and ETH.

“This is not due to a change in the Uniswap protocol fee, which governance votes on with UNI tokens,” explained platform founder Hayden Adams.

At the rate Block Researchat current trading volumes on the exchange, the new fee will generate approximately $1 million daily. According to Flipside, the daily volume of swaps in pairs with listed tokens is approximately $580 million, which will result in approximately $870,000 in fees.

“There are countless options for interacting with Uniswap: through aggregators, other user interfaces, or directly with smart contracts. Our interface remains the best – a lot of love (and money) goes into it,” Adams wrote.

According to him, the proceeds will allow the team to continue research, improve and expand the platform.

Uniswap developers have linked the timing of the launch of the v4 protocol version with the future Dencun hard fork in the Ethereum blockchain.

Users discovered a feature in the platform update release that allows you to customize the verification procedure KYCwhich caused criticism in the community.


Source: Cryptocurrency

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