Uniswap DAO Opposes Fee Switch Proposal In Close Run Vote $UNI
The Uniswap DAO has voted against a proposal to turn on protocol fees for liquidity providers. The poll saw 45% opposed to turning on proposal fees, while support for two…
Uniswap
The Uniswap DAO has voted against a proposal to turn on protocol fees for liquidity providers. The poll saw 45% opposed to turning on proposal fees, while support for two…
The initial snapshot poll was voted against by the community in a surprising move.
The Uniswap (UNI) decentralized exchange (DEX) has decided not to charge protocol fees to its liquidity providers (LPs), who are the ones who supply crypto assets for trading.
Community members of decentralized exchange Uniswap voted down a proposal that would have introduced a protocol fee for liquidity providers on the platform.
The proposal would have allowed Uniswap’s governing body to receive a percentage of the fees that currently go to liquidity providers.
Riding high on its achievements, Uniswap stated it was the world’s largest on-chain protocol, having executed transactions of over $1.5 trillion.
Uniswap’s community did not vote to pass a fee switch proposal.
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