Uniswap Community Chaos In Voting For LPs Fee Plan With 45% Against
- Uniswap’s proposal to collect fees from LPs has been met with community resistance.
- The vote resulted in a close match between the two proposals, with 45% of the vote expressing opposition to a fee. Meanwhile, 42% of the vote was in favor of charging 1/5 of the team fee on all Uniswap v3.
- Protocol fee advocates can link together after a certain percentage of fees, they can win.
The Uniswap decentralized exchange community members are facing chaos in voting for the platform’s plan to charge fees from LPs.
Proposal voting results showed that 45.32% voted against charging, 42.34% supported charging 1/5 of liquidity provider fees, 12.3% voted in favor of charging 1/10, and 0.04% of votes favor 1/6 Charge being imposed.
Although support for a fee outweighs opposition for a charge (55% vs. 45%), no individual category has received greater support than the “free”. If protocol fee advocates can link together after a certain percentage of fees, they can win.
Devin Walsh, executive director of the Uniswap Foundation, said on Twitter that the poll was published for feedback and was not part of a formal governance process.
These results will not necessarily prevent further votes on the proposal. The polling site suggests that the poll data will be used to prepare for a more formal “temperature check” vote. However, the opposition to a fee is substantial.
As per previous news, GFX Labs has launched a proposal in the Uniswap community to “implement liquidity pool fees”, proposing that all Uniswap v3 pools implement agreement fees equal to 20% of pool fees and open charge conversion for Uniswap v2.
The proposal’s scope is to implement fees on the Uniswap liquidity pool, implement a fee-for-earning system, and sell designated assets to the UNI community in a trustless manner. In subsequent proposals, the UNI community can decide how to manage, distribute or use the assets to be credited to the treasury.
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