Uniswap Community Votes Down Protocol Fees for Liquidity Providers
LPs are large market makers, with millions or more in locked up assets, that facilitate user trading on Uniswap and in turn earn a cut of fees in each trade. LPs are currently not charged anything by the platform for using the platform.
“We need to reaffirm that liquidity providers are protocol users and do not need full rebates. The LPs making the most money off Uniswap are not retail traders. They are professional market makers, just like the ones seen on traditional exchanges,” the firm added at the time.
mmm... commentators seem to find this "surprising" and yet is precisely the behaviour of self-serving whales who only want to maximise gains.
This is not a controversial proposal, and swap fees are distributed in different ways across different networks - this just shows how difficult it can be to be sensible when the "decentralisation" protocol is nothing more than a majority-run cartel.
Not surprised.
Uniswap Fee Feedback Vote Failed Because It Was ‘Structured Incorrectly’
https://blockworks.co/news/uniswap-fee-feedback-vote-failed
these people are so smart they can't design a simple poll - or even a cascade of polls to narrow the most popular final option. This is what will happen, but why conduct it in such a dumb way that the majority-vote lost?
One interesting way of doing this is to use a dedicated swap pool and issued voting tokens! ;-)
Except that unislops doesn't like multiple-asset pools. lmao.
uniswamp is a scammer's paradise - not surprised if that includes the LPer cartels.
They showed faked TVL for many months until someone actually wrote about it - and got noticed!
I imagine much of the current TVL is due to inflated ponzi tokens running yield farms.