Uniswap’s proposal to collect fees from LPs stumbles during first poll

A canvass of Uniswap’s governance assemblage connected June 1 recovered divided enactment for a diagnostic that could yet gully fees from liquidity providers.

Poll finds mixed support

On May 10, GFX Labs published a connection titled “Making Protocol Fees Operational,” which suggests collecting fees from liquidity providers for a task treasury.

On June 1, a canvass to find enactment for that connection concluded with adjacent results. Approximately 45% of votes expressed absorption to a fee. Meanwhile, 42% of votes supported charging 1/5 of the excavation interest crossed each Uniswap v3 pools, portion 12% of votes supported a fewer charging 1/10 of the excavation interest crossed those pools.

Though enactment for a interest collectively surpassed absorption to a interest (55% vs 45%), nary azygous class had greater enactment than the “no fee” category.

Fifty-six (56) cardinal UNI tokens ($280 million) were utilized to formed votes.

These results volition not needfully forestall further votes connected the proposal. The canvass leafage suggests that polling information volition beryllium utilized to hole a much ceremonial “temperature check” vote. Nevertheless, absorption to a interest seems to beryllium significant.

Should Uniswap present the fee?

GFX Labs’ archetypal connection said that the interest would show that Uniswap tin make revenues. The interest would besides amusement that liquidity providers are operating professionally and earning capable gross not to request rebates.

Though governance members expressed tentative enactment for the idea, galore members including GFX itself noted that specified a determination could perchance transportation regulatory and ineligible implications. The connection could necessitate the outgo of income taxes arsenic well.

Finally, the existent connection indicates that this program would not impact fees paid by astir Uniswap users. Instead, it would cod fees straight from liquidity providers.

As with astir Uniswap decisions, the prime volition beryllium made by users who clasp a important involvement successful Uniswap’s UNI token. Similar votes person precocious taken spot astir different proposals specified arsenic deployment to Coinbase’s Base network and Binance’s BNB Chain.

The station Uniswap’s connection to cod fees from LPs stumbles during archetypal poll appeared archetypal connected CryptoSlate.