Key Points:
The objective of this proposal is to establish a charge for Uniswap pools, a way to claim earned fees and a trustless sale of the fees earned for a UNI-designated asset. Fees on pools would enable the Uniswap protocol to replenish its treasury and reward holders of the system’s native coin Uniswap (UNI).
Uniswap’s move to monetize its platform further by charging fees for a substantial portion of its v3 liquidity pools and all of its v2 pools may create a precedent for the larger DeFi ecosystem, in which the DEX has about 70% market share.
The UNI community may determine how to manage, allocate, distribute, or otherwise use the funds accumulated to the treasury in a later proposal.
According to DefiLlama statistics, the total value of v2 is almost $1.17 billion. Meanwhile, the entire value of v3, which is deployed on SushiSwap, Curve, Balance, and PancakeSwap, among other networks, is around $2.86 billion.
This isn’t the first time members of the community have requested that fee switches on Uniswap liquidity pools be activated. This summer, a proposal to increase switch costs sparked debate among the DEX community.
Moreover, the v3 Polygon deployment will be the system’s inaugural deployment. After a successful implementation, a proposal for Ethereum deployment and others as considered required by governance will be made.
The DEX has maintained its position in the DeFi market. It is still the biggest decentralized exchange in the world, with over $4 billion in total locked value (TVL) across all blockchains. For the second time this year, the platform trade volume has surpassed Coinbase.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Harold
Coincu News
Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…
George Town, Grand Cayman, 22nd November 2024, Chainwire
Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…
Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…
Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…
Discover the success story of a New York tech entrepreneur who made $72M from a…
This website uses cookies.