Uniswap data shows over $180 million in volume was traded on the ARB/ETH liquidity pool, netting $542,000 in fees for liquidity providers (LPs). LPs are entities that provide two different tokens to any decentralized exchange’s smart contracts – netting a cut of fees charged by that exchange on each trade.
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- Source: https://www.coindesk.com/markets/2023/03/24/arbitrum-ether-liquidity-providers-earn-500k-from-arb-airdrop/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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