Uniswap fee plan narrowly fails as UNI holders raise tax issue.
The vote was a “temperature check,” or non-binding preliminary ballot; further refinements may be offered in the future as discussion continues.
The exchange currently charges crypto traders 0.01% to 1% of each swap as a fee, depending on the particular pool they use. However, all these fees go to the liquidity providers or market makers who provide crypto to be traded. The UNI token holders who theoretically own the protocol do not receive any of these fees.
“Uniswap is in a strong position to turn on protocol fees and prove that the protocol can generate significant revenues,” GFX stated. “We need to reaffirm that liquidity providers are protocol users and do not need full rebates,” the user continued.
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