Back of the envelope calculation
On DefiLlama, Unisawp V2, V3, V4 annualized fee are $1.6b, $800m, $300m. Applying 1/6 (while V3 1bps and 5bps will share 1/4 🤷) as protocol fee, it translates into $450m/year.
(though I'm not sure how accurate these numbers are. Please let me know if you know a better source).
From...
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Protocol Fee
Essentially, liquidity providers (LP) will revenue share with the protocol.
- Uni V2: 1/6
- Uni V3: 1/4 for 0.01% and 0.05% pools, 1/6 for 0.30%, 1% pools.
- Uni v4: TBD
It’s a worse deal for LPs other things being equal. Likely LPs are less incentivized to provide liquidity and it could potentially make
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🧵 Thread on UNIfication Proposal
Personally, I’ve been quite bearish on the UNI token, as all value so far has accrued to Uniswap Labs (e.g., all interface fees go to Uniswap Labs, with nothing shared with the protocol). This proposal positions the UNI token as the main vehicle for value accrual.
It’s refreshing to ...
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Did you know that Solana is technically in beta?
When will it come out of beta? 😆
status.solana.com
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Super excited to share the crypto personality mini app that @unhappiimochii and I have been working on!
We made it @pudgypenguins themed — the IP we love. 🥰
Take the test to reveal how you read markets, make decisions, and thrive in the crypto space!
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