Uniswap Labs is increasing swap fees for transactions through its interface from .15% to .25%.
Uniswap UNI
-2.84%
Blockchain data showed that the policy change came hours after Uniswap founder Hayden Adams said the SEC had sent Wells a warning that lawsuits were coming.
Certain swaps are completely excluded from fees, including stablecoins based on the same base currency and wraps between ETH and WETH. Users may also avoid fees by using an alternative interface to access Uniswap other than the interface developed by Uniswap Labs. All other transactions on the mainnet and supported layer 2 networks will be subject to increased fees as determined by Uniswap Labs.
“(Uniswap Labs) is like a software development shop. We’ve done some of the core development of the protocol,” Adams said in an interview with Bankless Today. “Plus, we built interfaces to the protocols we run. But many other people have done the same.”
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