The Crypto Roundup: 17 October 2023 | CryptoCompare.com

The main entity behind the decentralized cryptocurrency exchange Uniswap, Uniswap Labs, is introducing a 0.15% fee on trades involving tokens like ETH and USDC, which will only be applied to swaps executed via Uniswap Labs’ front end.

This new fee is distinct from the existing “protocol fee” overseen by governance voters and is being instituted by Uniswap Labs to “sustainably fund” its operations.

Uniswap’s creator, Hayden Adams, said on social media that this “interface fee” is among the industry’s lowest, and is aimed at supporting ongoing research, development, and expansion in the crypto and decentralized finance spaces.

The fee will be applicable to trades where at least two of the specified tokens: ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, or XSGD are involved. Stablecoin swaps and trades between Ether and wrapped Ether will remain exempt from this fee.

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• Source: https://www.cryptocompare.com/email-updates/daily/2023/oct/17/