write2ns๐ข๐จ๐ Uniswap Fee Reward Mechanism For UNI Stakers Explained๐๐จ๐
the Uniswap proposal to change its fee distribution mechanism, The proposal suggests allocating a portion of the fees to UNI stakers rather than liquidity providers.๐
it aims to increase the revenue of UNI stakers by giving them a share of the trading fees on Uniswap. The proposal is being considered as a way to incentivize more people to stake UNI and support the growth of the Uniswap ecosystem.๐น
For over a week, Uniswap has been earning more fees from crypto traders than Bitcoin, with the decentralized exchange surpassing Bitcoin on Feb. 14. Cryptofees data shows that on Feb. 25, Uniswap collected around $1.9 million in fees, exceeding Bitcoin's $1.2 million on the same day. This pattern has continued since mid-month, with Uniswap averaging $2.1 million in fees over the last week, compared to BTC's $1.4 million.๐ฏ๐งฉ
