Uniswap Labs, a central player in the construction of decentralized crypto exchange Uniswap, is set to impose a 0.15% fee on trades involving specific tokens starting Tuesday.
The fee will be enforced on trades executed via Uniswap Labs’ front end. It will apply to swaps that involve at least two of these tokens: ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC or XSGD. However, trades between ether and wrapped ether, as well as stablecoin swaps, will not be subject to the fee.
The fee is different from the pre-existing “protocol fee”, which is managed by governance voters. The newly imposed fee is an initiative by Uniswap Labs to “sustainably fund our operations,” as stated in their blog post.
The creator of Uniswap, Hayden Adams, stated in a tweet that the new “interface fee” is one of the industry’s lowest. He believes that it will enable the company to continue researching, developing, improving, and expanding crypto and DeFi.
After the initial announcement, a Uniswap spokeswoman clarified that the fee would only apply when both the input and output tokens were on the list.
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