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

Jun 02, 2023

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.

 

This article is for informational purposes only. It is not offered or intended to be used as investment or other advice.

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