Uniswap is considering turning on the Fee Switch

Uniswap is considering turning on the Fee Switch

Uniswap is considering a proposal to implement fees on many of its liquidity pools to boost its treasury and provide rewards to its native token holders.

As one of the largest platforms in the DeFi ecosystem, with a 70% market share, the move could set a precedent for other similar projects. Uniswap v2 has nearly $1.2 billion in total value locked, while Uniswap v3 has around $2.9 billion. The fee collection mechanism, allocation, and token usage are still being debated, with details to be ironed out in community discussions before a formal vote.

This isn’t the first time community members have called to activate fee switches on Uniswap liquidity pools. Last summer, a proposal to switch on fees became a point of contention within the uniswap community. The proposal ultimately failed to get enough traction, with opponents voicing fears the move could have broader tax implications for the protocol and its users.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

DeFi

DEX

In This Article

Related News
CoW Launches AMM Solution to Protect LP from MEV CoW Launches AMM Solution to Protect LP from MEV
Frax Finance Launches Ethereum Layer 2 Fraxtal Frax Finance Launches Ethereum Layer 2 Fraxtal
Aevo Exchange Announces $AEVO Airdrop and New Farming Program Aevo Exchange Announces $AEVO Airdrop and New Farming Program
Uma Protocol Introduced Oval Allows DeFi Protocols to Capture Oracle Extractable Value Uma Protocol Introduced Oval Allows DeFi Protocols to Capture Oracle Extractable Value
Frax Finance Launched Frax Bonds (FXB) Token Frax Finance Launched Frax Bonds (FXB) Token
Latest News More More
5 Hours Ago Starknet Active Users Dropped Significantly as Dissatisfication over Airdrop Allocation
12 Hours Ago Vitalik Says AI Could be Crucial to Solve Ethereum "Biggest Technical" Risk
12 Hours Ago Japan to Allow VC Firms to Directly Invest in Startups that Only Issue Crypto Asset
1 Day Ago Circle Requested U.S. Legislators to Empower the Treasury Department to Clamp Down on USDT
1 Day Ago Worldcoin Sets New All-Time High on OpenAI's Sora AI Model Launch
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open