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Uniswap will start applying a 0.15% fee for cryptocurrency swaps in its web application and wallet from October 17.
In an announcement on Monday, Uniswap stated that the tokens influenced by the commission fee include ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC and XSGD.
Related: What Is Uniswap?
Uniswap founder Hayden Adams said in an announcement on X;
I’m working in the crypto field because of the massive positive impact it can create on the world, eliminating gatekeepers and increasing access to value and ownership. I am proud of the contributions Uniswap Laboratories makes to this effort and I want to ensure that we are building sustainable systems to support this work. From day one, we have worked to be both transparent and sustainable. As a next step, starting from tomorrow, we will charge a 0.15% swap fee (a first in Labs history) for certain tokens in our web application and wallet. The token list and we will update fee level in our Help Center linked below. This is separate from the Uniswap Protocol fee change voted on by UNI token management.
I work in crypto because of the immense positive impact I believe it can have on the world, removing gatekeepers and increasing access to value and ownership.
I’m proud of the ways @Uniswap Labs has contributed to that effort and want to make sure we’re creating sustainable…
— hayden.eth 🦄 (@haydenzadams) October 16, 2023
Interface Fee (Uniswap)
Adams also stated that he created the protocol to be a permissionless and decentralized public good. Also, users have numerous options to use it by interacting directly or through aggregators, other user interfaces, or smart contracts. Our interface continues to be the best. Also, we are going on to spend a large amount of love (and money) to make this happen.
This interface fee is one of the lowest in the industry and will allow us to continue developing, building, improving, and expanding crypto and DeFi. Just this year (so far!) we have launched an iOS wallet, Android wallet, UniswapX. Also we have launced Permit2, Uniswap v4 draft codebase, and more in our web application.
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