Uniswap Labs Levies 0.15% Fee On Certain Crypto Trades
Portfolio Pulse from Benzinga Neuro
Uniswap Labs has introduced a 0.15% fee on specific crypto swaps involving at least two of the following tokens: ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, or XSGD. Transactions involving stablecoins and those between ether and wrapped ether will be exempted from this fee. This new fee, distinct from Uniswap’s existing protocol fee, is intended to sustainably fund Uniswap Labs' operations.
October 17, 2023 | 6:17 am
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NEUTRAL IMPACT
The introduction of a 0.15% fee on specific crypto swaps by Uniswap Labs may impact the trading volume of ETH, potentially affecting its price.
The new fee introduced by Uniswap Labs applies to trades involving ETH among other tokens. This could potentially affect the trading volume of ETH, and in turn, its price. However, the exact impact is uncertain and will depend on how traders react to the new fee.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75