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Uniswap raises swap fees amid SEC legal challenges
Previously, the firm charged a flat fee of 0.15%.
Uniswap Labs has imposed a new swap fee of 0.25%, starting on April 10, the same day the firm’s founder, Hayden Adams, disclosed that they received a Wells Notice from the US Securities and Exchange Commission (SEC).
According to Uniswap Labs’ latest update , the fee applies to a broad range of trading pairs, with some exceptions for stablecoin and wrapped token pairs, and is in effect across all networks that support Uniswap. Users have the option to bypass this fee by using alternative interfaces that are not developed by Uniswap Labs.
Uniswap rolled out the swap fees around mid-October last year. At the time, the firm charged a flat fee of 0.15%, citing that it was part of a strategy for the company’s sustainable growth.
Following the first announcement, the Uniswap community responded dividedly to the introduction of these fees. While some members supported the decision for the project’s sustainability, others were displeased with the additional cost.
Read More: https://cryptobriefing.com/uniswap-raises-swap-fee/
Previously, the firm charged a flat fee of 0.15%.
Uniswap Labs has imposed a new swap fee of 0.25%, starting on April 10, the same day the firm’s founder, Hayden Adams, disclosed that they received a Wells Notice from the US Securities and Exchange Commission (SEC).
According to Uniswap Labs’ latest update , the fee applies to a broad range of trading pairs, with some exceptions for stablecoin and wrapped token pairs, and is in effect across all networks that support Uniswap. Users have the option to bypass this fee by using alternative interfaces that are not developed by Uniswap Labs.
Uniswap rolled out the swap fees around mid-October last year. At the time, the firm charged a flat fee of 0.15%, citing that it was part of a strategy for the company’s sustainable growth.
Following the first announcement, the Uniswap community responded dividedly to the introduction of these fees. While some members supported the decision for the project’s sustainability, others were displeased with the additional cost.
Read More: https://cryptobriefing.com/uniswap-raises-swap-fee/
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