#uni Regarding the cost issue, there are two opinions on the market, one is the front-end fee and the other is the LP fee. First of all, it is clear that the fee allocated for this proposal is the handling fee charged by LP.

According to defillama data, uniswap received 72.85m in handling fees in the past 30 days.

It is inappropriate to directly use this data to calculate uni's income. The bulk should still be uni's LP, and a small part should be pledged to uni. We set this ratio at 15%. That is: 10.92m.

The current circulating market value of uni is: 753,766,667.00*12=9045m US dollars.

Not all the circulating market value will be pledged. The maximum pledge ratio can refer to these two tokens: crv (vecrv conversion ratio: 57%) gmx (stake ratio: 65%). Because both tokens consider giving certain additional incentives to long-term staking users, this data is relatively high.

Calculated based on the above situation, the annual data of uni is: 2.4%. (10.92*12/(9045*60%)). Let’s just say that at the moment, this performance and this price are quite reasonable.

The future is limitless