May 28, 2024

Uniswap has raised fees for swaps made through the interface.

Uniswap
Uniswap

Uniswap Labs has increased the fee for token exchanges using the DEX interface from 0.15% to 0.25%. The changes did not affect transactions with stablecoins and wrapped tokens, writes The Block.

Users can avoid fees by using an alternative interface to access Uniswap.

On February 23, 2024, an organization related to the DEX published a proposal for distributing protocol fees among UNI holders. On March 7, the initiative underwent a “sentiment check” with a 100% approval rate.

The proposal involves allocating rewards to token holders who have locked them in staking or delegated their voting rights. Uniswap Foundation could have responded to community criticism of the asset’s lack of “usefulness” in this way.

The increase in the fee charged from 0.15% to 0.25% took place on April 10, according to blockchain data. It was preceded by Uniswap Labs receiving a warning from the SEC about possible legal action.

Recall that in September 2023, SEC Enforcement Division chief David Hirsh stated that the agency was investigating the activities of some DeFi protocols for potential legal violations.

Follow ForkLog on social media

Found a mistake in the text? Highlight it and press CTRL+ENTER

ForkLog newsletters: stay on top of the bitcoin industry pulse!

Leave a Reply

Your email address will not be published. Required fields are marked *