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The Latest Rivalry in Web3 is Heating Up

TL;DR

  • PancakeSwap has pledged that they’ll reimburse merchants as much as $8 million in charges which were incurred on their competitor’s platform.

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BMW vs. Audi.

Nike vs. Adidas.

Coke vs. Pepsi.

PancakeSwap vs. Uniswap.

Right this moment we’re speaking about rivalries and this one’s getting hotter than a Pacqui chip.

A couple of month in the past, Uniswap hiked its ‘interface charges’ – charges charged to customers to execute trades on the decentralized change (DEX) – from .15% to .25%.

Now, the workforce behind PancakeSwap (a competing DEX) has pledged that they’ll reimburse merchants as much as $8 million in charges which were incurred on their competitor’s platform.

With a view to be eligible, any crypto merchants who match their Uniswap v3 quantity 1:1 on PancakeSwap v3 between Could 16 and August 15 will obtain a full refund of their Uniswap interface charges by way of PancakeSwap.

Uniswap customers can go to PancakeSwap’s Dune dashboard to examine their eligibility and eligible merchants should fill out a kind to say the reimbursement.

So yeah, in case you’ve been stung by the rise in charges on Uniswap, it’s possible you’ll be in luck!

It’s rivalries like this that retains charges low and promotes steady innovation.

Your transfer, Uniswap.

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