Both wrapping Ether and trading between stablecoins are free of charges.
On October 17, decentralized exchange Uniswap (UNI) will introduce a 0.15% swap charge for some coins in its web application and wallet.
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The affected tokens are Ethereum (ETH), USD Coin (USDC), Wrapped Ether (WETH), Tether (USDT), DAI, Wrapped Bitcoin (WBTC), Angle Protocol (agEUR), Femini Dollar (GUSD), Liquidity USD (LUSD), Euro Coin (EUROC), and StraitsX (XSGD), according to a post by Hayden Adams, the inventor of the DEX.
The output token amount will be reduced by the interface fees. Additionally, neither fees nor inter-stablecoin costs will be charged for exchanges between the trading pairs for Ether and Wrapped Ether.
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Adams noted new developments in the Uniswap ecosystem, such as “an iOS wallet, Android wallet, UniswapX, major improvements to our web app, Permit2, Uniswap v4 draft codebase, and more,” writing that “this 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.”
One of the most widely used DEXs in the market right now is Uniswap. According to information provided by DeFiLlama, the DEX presently has $3 billion in total value locked, bringing in an estimated $271 million in annualized protocol fee income. Since its launch in 2018, it has raised $176 million from investors, and it now has $12 million in its treasury.
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It was earlier announced on September 27 that the DEX’s creator, the Uniswap Foundation, aims to raise an extra $62 million for grants to construct infrastructure and support ecosystems. The possibility of a new hook for Uniswap V4 to demand know-your-customer verification before trading in the DEX’s liquidity pools caused controversy on October 15. It was made accessible on an open-source directory.
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