Uniswap to charge 0.15% swap fees beginning Oct. 17


Decentralized change Uniswap will start charging a 0.15% swap price on sure tokens in its internet utility and pockets on Oct. 17.

According to a publish by Uniswap founder Hayden Adams, the affected tokens are Ether (ETH), USD Coin (USDC), Wrapped Ether (wETH), Tether (USDT), Dai (DAI), 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 probably be deducted from the output token quantity. In addition, fees is not going to be collected on swaps between Ether and Wrapped Ether buying and selling 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 within the Uniswap ecosystem comparable to “an iOS wallet, Android wallet, UniswapX, major improvements to our web app, Permit2, Uniswap v4 draft codebase, and more.” 

Uniswap is among the hottest decentralized exchanges within the trade. Based on knowledge from DefiLlama, the DEX at present has $3 billion in complete worth locked, producing upward of $271 million in annualized protocol price income. It has $12 million in its treasury and has raised $176 million from traders since its inception in 2018.

Cointelegraph previously reported on Sept. 27 that Uniswap Foundation, the DEX’s developer, is targeting $62 million in additional funding for building infrastructure and ecosystem grants. On Oct. 15, a new hook available on an open-source directory for Uniswap v4 generated controversy for its ability to require Know Your Customer verification earlier than buying and selling within the DEX’s liquidity swimming pools.

Update (Oct. 16, 9:32 pm UTC): This article has been up to date to embody a press release from a Uniswap spokesperson. 

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