Uniswap Labs hikes swap fee to .25% from .15% on trades through interface
Uniswap Labs has hiked the fee it charges for token swaps that utilize its interface by .1% for all trades, excluding certain stablecoin and wrapping transactions, on its mainnet and supported Layer 2 networks.
The change in policy was made on Apr. 10, blockchain data shows , mere hours after Uniswap founder Hayden Adams revealed that the SEC had sent a Wells Notice warning of an incoming lawsuit to the company.
Certain swaps are excluded from the fee altogether, including stablecoins based on the same underlying currency and wraps between ETH and WETH. Users can also avoid the fee by using an alternative interface to access Uniswap rather than the one developed by Uniswap Labs. All other trades on mainnet and supported Layer 2 networks are subject to the hiked fee, which is determined by Uniswap Labs.
"[Uniswap Labs is] like a software development shop. We've done some of the core development of the protocol," Adams said today in an interview with Bankless . "In addition, you know, we also have built a an interface to the protocol that we run. But many, many other people have done the same."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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