Uniswap Labs to Charge 0.15% Fee on Crypto Swaps Involving ETH, USDC, Other Tokens

Uniswap Labs, the key company building atop decentralized crypto exchange Uniswap, will impose a 0.15% fee starting Tuesday on trades involving ETH, USDC and other tokens. Only swaps that execute through Uniswap Labs’ front end will be taxed. The fee is different from Uniswap’s existing “protocol fee” that’s managed by governance voters. It’s being levied by Uniswap Labs in an effort to “sustainably fund our operations,” a blog post said. Stablecoin swaps will not be taxed and neither will be traded between ether and wrapped ether. The new “interface fee” impacts trades involving at least two of the following tokens: ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC or XSGD, according to an FAQ.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!

iOS: https://links.hashd.co/ios

Android: https://links.hashd.co/android