The decentralized exchange Uniswap will begin charging a fee at 0.15% for swaps on the web interface and wallets for a ‘restricted set of tokens’.
I work in crypto because of the immense positive impact I believe it can have on the world, removing gatekeepers and increasing access to value and ownership.
I’m proud of the ways @Uniswap Labs has contributed to that effort and want to make sure we’re creating sustainable…
— hayden.eth ? (@haydenzadams) October 16, 2023
The decision will affect the following assets: ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, XSGD.
Trading fees will not apply to operations between stablecoins, as well as the transfer of value between WETH and ETH.
«This is not related to changes in the Uniswap protocol fee, which is voted on by UNI tokens,» explained the founder of the platform, Hayden Adams.
According to Block Research, with current trading volumes on the exchange, the new fee would generate around $1 million daily. According to Flipside, the daily swap volume in the pairs listed is around $580 million, which would yield fees of roughly $870,000.
«There are countless ways to interact with Uniswap: through aggregators, other user interfaces, or directly with smart contracts. Our interface remains the best — it takes a tremendous amount of love (and money) to maintain it.»
According to him, the proceeds will allow the team to continue research, refine and expand the platform.
As noted, the launch timelines for protocol v4 have been tied to the upcoming Dencun hard fork in the Ethereum blockchain.
The users discovered in the platform update release a feature allowing to configure the KYC verification procedure, which sparked criticism in the community.