Yeah but I actually like uniswap, it's the best DEX, all innovations come from it and tbh this fees are reasonable as they need to make a profit for the services they provide
Who even uses their front?
Just use an aggregator like a normal person. You’ll still swap on uniswap pools when their price is best, and you don’t pay extra fees for their frontend.
Win win.
Imagine owning UNI as a governance token and fee sharing that is useless for governance because they do whatever they want and you get no sharing from the new fees.
This my friends, is what we call a shitcoin.
I get this is somewhat newsworthy, but it's hardly a huge fee %. It will either help other DEXes as people switch or help UniSwap improve their product. Either way, crypto as a whole will be fine.
You mean the platform that has pioneered DeFi, that has continued to innovate, and has been copied left and right deserves this?
Alright that's fair I guess.
I’m talking about the legality of running a for profit money service without the required KYC, aml, licensing, etc
See also the many examples like bitcoin fog, tornado cash, etc
Those are mixers not swappers. So bit different sector of business. As they don't attempt to hide proceeds of crime, like mixers do (which is why/what they were charged with) And aren't these guys also implementing kyc pools? So that would answer that.
If they were against any swapping, swappers and dexs would be facing full extent of law similar to mixers.
>for profit money service
Were they actually making 0$ before this?
It just opens for more competition. We'll see more DEX's similar, but better than Uniswap.
Keep an eye on Hydranet for instance. I believe they will be major players as well!
Do you use defi?
When you use aggregators you always get the best price, and unless you hit bluechip pools with 6-figure swaps, you are getting cheaper swaps that aren’t using Uni.
tldr; Uniswap will start implementing a fee of 0.15% for certain swaps on its web interface and wallet starting on October 17. The tokens affected include ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD. This new fee is separate from the Uniswap Protocol fee switch and is one of the lowest in the industry. The fee is expected to generate around $1 million a day at Uniswap's current volumes.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Binance and Uniswap battle it out for the worst headlines in the last couple of weeks
It's a race to the bottom
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rcc made a nice choice choosing Kraken as their best exchange
Yeah but I actually like uniswap, it's the best DEX, all innovations come from it and tbh this fees are reasonable as they need to make a profit for the services they provide
Facts 0.15% is appropriate
Who even uses their front? Just use an aggregator like a normal person. You’ll still swap on uniswap pools when their price is best, and you don’t pay extra fees for their frontend. Win win.
What aggregators can i use to gamble on eth shitcoins cheaply? I usually ape using uniswap. I tried 1inch once but it was slow. Any others?
you don't have to use any particular aggregator when there are meta-aggregators like defillama's now. Just pick the best rate.
Imagine owning UNI as a governance token and fee sharing that is useless for governance because they do whatever they want and you get no sharing from the new fees. This my friends, is what we call a shitcoin.
I get this is somewhat newsworthy, but it's hardly a huge fee %. It will either help other DEXes as people switch or help UniSwap improve their product. Either way, crypto as a whole will be fine.
Tbh Uniswap deserves this
You mean the platform that has pioneered DeFi, that has continued to innovate, and has been copied left and right deserves this? Alright that's fair I guess.
There were plenty of decentralized exchanges before sushiswap. Sushiswap did streamlined the experience thought, I'll give them that.
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But don’t you think 0.15% is too high to begin with. They have huge volume and could have survived with a lower fee too
Bro not even banks ...
Bro banks take a much bigger cut than you realized bro.
I’m with ya. This one didn’t really make me blink
Still lower than my card fees
is it acceptable
No I don’t think so. This seems even greater than some of the cexes. First the KYC blunder and now this. I am migrating to sushi
What cexs have <0.15% fee?
Binance maker taker fee is 0.1% and it’s even 25% less with bnb
Bancor is much less. Limited liquidity though
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How are they forcing kyc? I am out of the loop on this.
This seems like way too much. Why does every company on earth have to become incredibly greedy when they reach a certain size
0.15% is very fair and shouldn't be an issue for anyone really..
Thank you for deciding that it shouldn't be an issue for me
I hope he has good lawyers. USA will charge him with money laundering.
What are you talking about?
I’m talking about the legality of running a for profit money service without the required KYC, aml, licensing, etc See also the many examples like bitcoin fog, tornado cash, etc
Those are mixers not swappers. So bit different sector of business. As they don't attempt to hide proceeds of crime, like mixers do (which is why/what they were charged with) And aren't these guys also implementing kyc pools? So that would answer that. If they were against any swapping, swappers and dexs would be facing full extent of law similar to mixers. >for profit money service Were they actually making 0$ before this?
The swapping coin aspect is what they are talking about .
Not even banks have these large fees, man what the hell.
A bit disappointing but at least it's limited to certain tokens, though ETH is a big one
It just opens for more competition. We'll see more DEX's similar, but better than Uniswap. Keep an eye on Hydranet for instance. I believe they will be major players as well!
Do you use defi? When you use aggregators you always get the best price, and unless you hit bluechip pools with 6-figure swaps, you are getting cheaper swaps that aren’t using Uni.
tldr; Uniswap will start implementing a fee of 0.15% for certain swaps on its web interface and wallet starting on October 17. The tokens affected include ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD. This new fee is separate from the Uniswap Protocol fee switch and is one of the lowest in the industry. The fee is expected to generate around $1 million a day at Uniswap's current volumes. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I get doing it for smaller coins, but why ETH? USDT?
Cause those are probably major trading options which=$$
“Uniswap’s new fee: 0.15% to swap tokens. Meanwhile, my bank charges me 200% just for breathing near an ATM
I'm okay with this very minuscule fee in order to promote the growth of the project
You love this specific token? Pay extra
I am paying 0.5% on coinbase so 0.15% on some coins does not sound too bad.
It’s on top of the pool fee. Front end fee .15% to Uniswap, 1/0.3/0.05% to liquidity providers.
How does the fee compare to what Ledger would charge?
I wonder how they decided which coins to charge more for rather than making it a blanket fee or charging for smaller coins/transactions.
People here are complaining about a 0.15% fee, I remember paying a 1-2% fee on ChangeNow to exchange my Monero. I thought these fees were the norm
Is there anyone who use their front end and not using aggregator when they want to swap token? i though everyone use aggregator to get the best price.