{"id":175508,"date":"2023-10-17T05:24:26","date_gmt":"2023-10-16T23:54:26","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=175508"},"modified":"2023-10-17T05:24:26","modified_gmt":"2023-10-16T23:54:26","slug":"uniswap-to-charge-0-15-swap-fees-beginning-oct-17-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/uniswap-to-charge-0-15-swap-fees-beginning-oct-17-crypto-news\/","title":{"rendered":"Uniswap to charge 0.15% swap fees beginning Oct. 17 – Crypto News"},"content":{"rendered":"
\n

Decentralized exchange Uniswap will begin charging a 0.15% swap fee on certain tokens in its web application and wallet on Oct. 17.<\/p>\n

According to a post by Uniswap founder Hayden Adams, the affected tokens are Ether (ETH<\/a>), USD Coin (USDC<\/a>), Wrapped Ether (wETH), Tether (USDT<\/a>), Dai (DAI<\/a>), Wrapped Bitcoin (WBTC), Angle Protocol\u2019s agEUR, Gemini Dollar (GUSD), Liquidity USD (LUSD), Euro Coin (EUROC) and StraitsX Singapore Dollar (XSGD). Shortly after publication, a spokesperson for Uniswap reached out to Cointelegraph, stating that \u201cboth the input and output token need to be on the list for the fee to apply.\u201d<\/p>\n

The interface fees will be deducted from the output token amount. In addition, fees will not be collected on swaps between Ether and Wrapped Ether trading pairs, nor on inter-stablecoin swaps.<\/p>\n

\n

I work in crypto because of the immense positive impact I believe it can have on the world, removing gatekeepers and increasing access to value and ownership.<\/p>\n

I\u2019m proud of the ways @Uniswap<\/a> Labs has contributed to that effort and want to make sure we\u2019re creating sustainable\u2026<\/p>\n

\u2014 hayden.eth (@haydenzadams) October 16, 2023<\/a><\/p><\/blockquote>\n

\u201cThis interface fee is one of the lowest in the industry, and it will allow us to continue to research, develop, build, ship, improve, and expand crypto and DeFi,\u201d Adams wrote, pointing to new developments in the Uniswap ecosystem such as \u201can iOS wallet, Android wallet, UniswapX, major improvements to our web app, Permit2, Uniswap v4 draft codebase, and more.\u201d\u00a0<\/p>\n

Uniswap is one of the most popular decentralized exchanges in the industry. Based on data from DefiLlama, the DEX currently has $3 billion in total value locked, generating upward of $271 million in annualized protocol fee revenue. It has $12 million in its treasury and has raised $176 million from investors since its inception in 2018.<\/p>\n

Cointelegraph previously reported<\/a> on Sept. 27 that Uniswap Foundation, the DEX\u2019s developer, is targeting $62 million in additional funding for building infrastructure and ecosystem grants. On Oct. 15, a new hook available on an open-source directory for Uniswap v4 generated controversy for its ability<\/a> to require Know Your Customer verification before trading in the DEX\u2019s liquidity pools.<\/p>\n

Update (Oct. 16, 9:32 pm UTC): This article has been updated to include a statement from a Uniswap spokesperson.\u00a0<\/p>\n

Magazine:\u00a0Singer V\u00e9rit\u00e9\u2019s fan-first approach to Web3, music NFTs and community building<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Decentralized exchange Uniswap will begin charging a 0.15% swap fee on certain tokens in its web application and wallet on Oct. 17. According to a post by Uniswap founder Hayden Adams, the affected tokens are Ether (ETH), USD Coin (USDC), Wrapped Ether (wETH), Tether (USDT), Dai (DAI), Wrapped Bitcoin (WBTC), Angle Protocol\u2019s agEUR, Gemini Dollar […]<\/p>\n","protected":false},"author":2,"featured_media":175509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-175508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=175508"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175508\/revisions"}],"predecessor-version":[{"id":175511,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175508\/revisions\/175511"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/175509"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=175508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=175508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=175508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}