Uniswap's Proposal to Introduce Protocol Fees Fails to Gain Enough Votes

Uniswap's Proposal to Introduce Protocol Fees Fails to Gain Enough Votes

A proposal to introduce protocol fees for the Uniswap decentralized exchange has been voted down, according to the proposal’s official webpage.

The proposal narrowly missed being passed wwith 45.32% of votes going to the “no fee” camp and 42.34% voting to charge liquidity providers one-fifth of the fees they receive from users. Another 12.3% voted to enact a fee charge of one-tenth and 0.04% voted to charge one-sixth.

The results suggest that supporters of a protocol fee could have won if they had united behind a specific fee percentage.

The vote was a “temperature check,” or non-binding preliminary ballot; further refinements may be offered in the future as discussion continues.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Uniswap

Governance

In This Article

Related News
ZKsync activates decentralized governance system with onchain contracts ZKsync activates decentralized governance system with onchain contracts
Starknet community approves vote to implement STRK token staking by end of 2024 Starknet community approves vote to implement STRK token staking by end of 2024
DAO Developer Aragon Built a “Governance Hub” for Polygon DAO Developer Aragon Built a “Governance Hub” for Polygon
The U.S. SEC Issued a Wells Notice to Uniswap The U.S. SEC Issued a Wells Notice to Uniswap
Latest News More More
2 Days Ago Eliza Labs unveils auto.fun, a no-code AI agent launchpad with 'fairer than fair' token model
2 Days Ago Non-KYC exchange eXch to close down under money laundering scrutiny tied to Lazarus Group
3 Days Ago Base scrutinized over promotion of token that briefly crashed 95%; says part of 'contentcoin' vision
5 Days Ago Layer 1 MANTRA's token falls 90% in sudden crash; team blames 'reckless liquidations'
5 Days Ago Canada to launch spot Solana ETFs this week: report
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open