Uniswap’s creator, Hayden Adams, is implementing a 0.15% fee for certain tokens on the decentralized exchange platform.
The CEO of Uniswap, Hayden Adams, made an announcement on the X app. Starting from October 17, the decentralized Uniswap protocol will apply a 0.15% fee for swapping some tokens.
Uniswap’s Sustainability Efforts
Adams used the X app to share his happiness about Uniswap’s consistent efforts in removing intermediaries and enhancing access to digital assets.
He also emphasized that Uniswap is committed to building strong, sustainable systems that support their team and uphold the values of transparency and sustainability, which have been at the core of the protocol since its beginning.
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
Uniswap Labs is introducing a unique 0.15% swap fee on their decentralized exchange, marking a first in their history. This fee will apply when using both the Uniswap web app and wallet, making it one of the industry’s lowest interface fees. The tokens affected by this fee include ETH, USDC, WETH, USDT, DAI, and others, with the updated list available on the Uniswap help center. Uniswap is committed to maintaining straightforward and transparent pricing for users.
It’s important to note that these tokens will likely incur swap fees when traded through Uniswap Labs interfaces on the mainnet and supported Layer-2 protocols. However, two categories of tokens are exempt from this fee: the first group includes tokens involved in swaps between stablecoins, and the second comprises tokens used for wrapping between ETH and WETH.
Enhancing User-Centric Innovations
Users have options when using the service. They can opt for aggregators or different user interfaces, or they can directly engage with the smart contracts.
It’s essential to distinguish the new swap fee from the Uniswap Protocol fee switch, which is determined by UNI token governance. Uniswap has introduced various other services, such as the UniswapX Beta Protocol and a Non-fungible token (NFT) aggregator.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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