TL; DR
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Uniswap has started charging fees for the following tokens: ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, XSGD.
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The fee only applies if you use the Uniswap interface – the product built by Uniswap Labs on top of the Uniswap protocol.
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In less than 3 days, Uniswap has generated just over $100,000, which would have amounted to estimated $22 million in revenue YTD.
Full story
“What used to be free will now cost you money.”
That’s not the best sales pitch. But it’s one that Uniswap has gone for.
Trades that used to be free on the platform now charge a 0.15% fee, and some people are outraged!
Here’s what you need to know:
Firstly, Uniswap only charges for the following tokens: ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, XSGD.
(So if you trade anything else, rest assured).
Secondly, the charges only apply if you use the Uniswap interface – the product built by Uniswap Labs on top of the Uniswap protocol.
That’s like listening to podcasts in the Apple Podcast app versus YouTube.
If you listen on YouTube, you will have to listen to automated ad placements. If you listen via the Apple Podcast app, it’s ad-free.
(Same end product, different interface/experience).
That’s all to say: If users want to avoid these new charges, they can do so by using a different interface.
Why are people p*ssed? That is simple!
No one likes paying for something they are used to getting for free.
The good news is: From the looks of it, the transition seems to have gone as smoothly as possible.
In less than 3 days, Uniswap has generated just over $100,000, which would have amounted to estimated $22 million in revenue YTD.
Not too shabby!