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Uniswap front-end transaction fees reached $81,000 in the past 23 hours

On October 18th, Dune's statistics showed that Uniswap's frontend transaction fees reached $81,000 in the past 23 hours. Earlier, Uniswap Labs announced that it would charge a 0.15% exchange (swap) fee for certain tokens in its web application and wallet starting on October 17th. The specific tokens include ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD.

The Uniswap Foundation’s Proposal to Request the DAO to Allocate $46.2 Million in Funds Will End

On October 18th, the Uniswap Foundation's proposal to request the DAO to allocate $46.2 million in funds will end in 3 hours. The current vote has reached the required number of voters and votes, with a support rate of 99.9%. The proposed $46.2 million in funds requested from the DAO will be used to support work over the next 2 years, with $28.33 million used for grants and $13.6 million (including $11.4 million and 508,000 UNI tokens) used for operations, adding a 10% buffer to alleviate price fluctuations.

Uniswap Has Charged Over $11,000 in Front-End Transaction Fees, and All Tokens Will Be Exchanged for USDC

On October 18th, according to on-chain data, Uniswap activated the switch for collecting frontend trading fees about 10 hours ago. The total fees collected so far are approximately $11,511.44. Yearn core developer banteg reported that Uniswap will exchange all tokens extracted every 10 minutes for UDSC and store them at address 0x6460D14DbAeb27AEfec8eBeF85dB35DefA31c3b9.

Ekubo launched a new proposal on the Uniswap Governance Forum, proposing to exchange 3 million UNI for 20% of future governance tokens.

On October 17th, Moody Salem, the former team leader of Uniswap engineers, who is now building the Starknet ecosystem AMM protocol Ekubo, proposed a discussion on the Uniswap governance forum. The proposal suggests establishing a partnership with Uniswap DAO, in which 3 million UNI (approximately $12 million) will be contributed in exchange for a 20% stake in future Ekubo protocol governance tokens. Moody Salem stated that the 3 million UNI is intended to maintain the operation of Ekubo, to develop the Ekubo protocol, and to contribute to the Uniswap protocol. These costs mainly include engineering, auditing, and legal support. The proposal will also update the Uniswap V4 license, including granting Ekubo a license to use Starknet network without restrictions.

BlockTower Capital CEO: Uniswap’s Charges for Front-End or Extra Features Not Related to the Protocol Are Unreasonable

In response to Uniswap founder hayden.eth's announcement that Uniswap will charge a 0.15% exchange fee for certain tokens, BlockTower Capital CEO Air Paul replied that it is unreasonable to charge for additional front-end or protocol-independent functionality, but also believes that Uniswap's explanation for the fee is a wise communication strategy. Previously, Uniswap announced that it will charge a 0.15% exchange (swap) fee for certain tokens in its web application and wallet, including: ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, XSGD starting on October 17th.

Uniswap Labs to Impose 0.15% Fee on ETH, USDC and Other Token Trades

Uniswap Labs, the company behind decentralized crypto exchange Uniswap, will begin charging a 0.15% fee on trades involving certain tokens starting on Tuesday. The fee will only apply to trades executed through Uniswap Labs' frontend and is separate from the existing "protocol fee" managed by governance voters. Uniswap Labs stated that the new fee is intended to fund their operations and is one of the lowest in the industry. The fee will not apply to stablecoin swaps or trades between ether and wrapped ether.

Uniswap Launches Closed Beta Android Version of Mobile App for Decentralized Crypto Exchange

Uniswap has launched a closed beta Android version of its mobile app. Previously only available on PC and iOS mobile devices, the new Android beta app allows users to select coins on different chains without switching networks and automatically detects which network a coin is on. The wallet also routes Ethereum transactions through a private pool to avoid front-running and sandwich attacks, and automatically detects most coins that have built-in transfer fees. Uniswap plans to release the app's open-source code in the coming weeks and offers an email waitlist for early adopters.

Uniswap Foundation Requests $46.2 Million From DAO to Support Work Over the Next 2 Years

The Uniswap Foundation has initiated a proposal to request the allocation of the remaining $46.2 million from last year's initial funding to support their work for the next 2 years. Of this amount, $28.33 million will be used for grants, while $13.6 million (including 11.4 million USD and 508,000 UNI) will be used for operations, with a 10% buffer added to mitigate price fluctuations. The proposal will be open for voting within 2 days and will last for 5 days.

Uniswap Launches Educational Platform, Uniswap University, to Onboard Users to V3 Exchange

Uniswap has partnered with Do DAO to launch Uniswap University, an educational platform aimed at providing a structured learning pathway for users to onboard to its V3 exchange. The platform offers courses, simulations, and quick guides on topics ranging from basic to advanced, including becoming a liquidity provider on V3. <br>

Uniswap Launches Proposal to "Create UNI-ARB Grant Program and Protocol Representative Program"

Uniswap has initiated the "Create UNI-ARB Grant Program and Protocol Representative Program" proposal. The proposal states that Uniswap has received a 2.2 million ARB airdrop from Arbitrum, aimed at promoting ecosystem development. Among them, 1.1 million tokens are allocated to the Grant program, which aims to enhance the Uniswap and Arbitrum ecosystems by donating to high-impact projects.