Why Are Traders P*ssed at Uniswap?

by ChainChirp
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TL;DR

  • Uniswap has began to take a charge on the next tokens: ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, XSGD.

  • The charge solely applies in the event you use the Uniswap interface – the product constructed by Uniswap Labs on high of the Uniswap protocol.

  • In lower than 3 days, Uniswap has generated slightly over $100k, which might have racked up an estimated $22 million in income YTD.

Full Story

“What was once free, is now going to price you.”

That ain’t the very best gross sales pitch. Nevertheless it’s one which Uniswap has gone with.

Trades that was once free on the platform at the moment are getting hit with a 0.15% charge, and a few of us are p*ssed!

This is what it’s essential know:

First, Uniswap is just taking a charge on the next tokens: ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, XSGD.

(So in the event you’re buying and selling one thing else, you possibly can relaxation simple).

Second, the charge solely applies in the event you use the Uniswap interface – the product constructed by Uniswap Labs on high of the Uniswap protocol.

Which is sort of like listening to Podcasts on the Apple Podcast app vs. YouTube.

In the event you pay attention on YouTube, you are going to need to hearken to automated advert placements. In the event you pay attention on the Apple Podcast app, it’s going to be advert free.

(Similar finish product, completely different interface/expertise).

That is all to say: if customers wish to keep away from these new charges, they will, through the use of a special interface.

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As to why of us are p*ssed? That is easy!

Nobody likes paying for one thing they’re used to getting totally free.

The excellent news is: from the seems of issues, the transition seems to have gone as easily as attainable.

In lower than 3 days, Uniswap has generated slightly over $100k, which might have racked up an estimated $22 million in income YTD.

Not too shabby!

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