LIVE#BinanceSquare #DeFiChallenge Decentralized exchange Uniswap will begin charging a 0.15% swap fee on certain tokens in its web application and wallet on Oct. 17.
According to a post by Uniswap founder Hayden Adams, the affected tokens are Ether
ETH
tickers down
$1,600
, USD Coin
USDC
tickers down
$1.00
, Wrapped Ether (wETH), Tether
USDT
tickers down
$1.00
, Dai
DAI
tickers down
$1.00
, Wrapped Bitcoin (WBTC), Angle Protocol’s agEUR, Gemini Dollar (GUSD), Liquidity USD (LUSD), Euro Coin (EUROC) and StraitsX Singapore Dollar (XSGD). Shortly after publication, a spokesperson for Uniswap reached out to Cointelegraph, stating that “both the input and output token need to be on the list for the fee to apply.”
The interface fees will be deducted from the output token amount. In addition, fees will not be collected on swaps between Ether and Wrapped Ether trading pairs, nor on inter-stablecoin swaps.
This interface fee is one of the lowest in the industry, and it will allow us to continue to research, develop, build, ship, improve, and expand crypto and DeFi,” Adams wrote, pointing to new developments in the Uniswap ecosystem such as “an iOS wallet, Android wallet, UniswapX, major improvements to our web app, Permit2, Uniswap v4 draft codebase, and more.”
Uniswap is one of the most popular decentralized exchanges in the industry. Based on data from DefiLlama, the DEX currently has $3 billion in total value locked, generating upward of $271 million in annualized protocol fee revenue. It has $12 million in its treasury and has raised $176 million from investors since its inception in 2018.
LIVE