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Uniswap Labs’ fee switch yields $120K in opening days
Uniswap Labs activated a fee switch for select frontends, and the results are big business
This past week, Uniswap Labs’ development team instituted a select fee for their decentralized exchange, Uniswap. The initial results appear to be extremely lucrative, with the team earning $120,000 over 48 hours.
Uniswap founder Hayden Adams announced the fees Monday in an X post. The fees applied only to 11 assets, only when two of those assets were traded in a paired pool, and only if the user was trading on the Uniswap mobile app or on the uniswap.org-linked frontend.
A flash report from Blockworks Research estimated that, despite the relatively constrained parameters, the fee had the potential to rake in upwards of $33 million per year, based on year-to-date volume.
Read More: https://blockworks.co/news/uniswap-labs-fee-yield
Uniswap Labs activated a fee switch for select frontends, and the results are big business
This past week, Uniswap Labs’ development team instituted a select fee for their decentralized exchange, Uniswap. The initial results appear to be extremely lucrative, with the team earning $120,000 over 48 hours.
Uniswap founder Hayden Adams announced the fees Monday in an X post. The fees applied only to 11 assets, only when two of those assets were traded in a paired pool, and only if the user was trading on the Uniswap mobile app or on the uniswap.org-linked frontend.
A flash report from Blockworks Research estimated that, despite the relatively constrained parameters, the fee had the potential to rake in upwards of $33 million per year, based on year-to-date volume.
Read More: https://blockworks.co/news/uniswap-labs-fee-yield
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