Why Are Traders P*ssed at Uniswap?

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 for those who 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 free, is now going to price you.”

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

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

Here is what you have to know:

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

(So for those who’re buying and selling one thing else, you’ll be able to relaxation straightforward).

Second, the charge solely applies for those who use the Uniswap interface – the product constructed by Uniswap Labs on high of the Uniswap protocol.

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

Should you hear on YouTube, you are going to need to take heed to automated advert placements. Should you hear on the Apple Podcast app, it’s going to be advert free.

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

That is all to say: if customers need to keep away from these new charges, they’ll, by utilizing a unique interface.

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

Nobody likes paying for one thing they’re used to getting without cost.

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!