Uniswap creator burns 99.99% of test coins, HayCoin price surges
HayCoin is a test token created by Uniswap founder Hayden Adams. After Adams decided to destroy 99.99% of the token's supply, its value skyrocketed. According to CoinGecko, as of the time of writing, the trading price of HayCoin is $2,538,123, an increase of over 273% in the past day. Adams expressed dissatisfaction with owning almost all of the supply of HayCoin. As a result, he burned 99.99% of his token supply, causing the price of HayCoin to soar.
The Founder of Uniswap Destroyed All His HayCoin, Accounting for 99.99% of the Total
Uniswap founder Hayden Adams wrote on X platform that he felt uncomfortable owning almost all of the supply of HayCoin, so he decided to destroy all of its tokens. Adams stated, "After the release of Uniswap V1, I created a small test liquidity pool containing a small portion of the total supply and left the rest in my wallet. I also used it to test contracts from Uniswap V1 to V2. Over the past week, I was very surprised to see people treating it as a meme. The crypto world is sometimes strange." Adams said he will no longer have any future involvement with this token because he has destroyed all of it. (The Block)
Uniswap front-end transaction fees hit $1,306.89 million
According to Dune statistics, Uniswap's frontend trading fees have reached $130.689 million. Earlier, Uniswap Labs announced that it will charge a 0.15% exchange (swap) fee for certain tokens in its web application and wallet starting from October 17, including ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD.
Tagged IOSG Ventures wallet withdraws 352,000 UNI and 3.95 million 1INCH from Binance
According to data tracked by Lookonchain, the fund wallet marked as IOSG Ventures by Nansen withdrew 352,242 UNI ($1.37 million) and 3,951,000 1INCH ($977,000) from Binance in the past 30 minutes.
Uniswap front-end transaction fees reached $81,000 in the past 23 hours
On October 18th, Dune's statistics showed that Uniswap's frontend transaction fees reached $81,000 in the past 23 hours. Earlier, Uniswap Labs announced that it would charge a 0.15% exchange (swap) fee for certain tokens in its web application and wallet starting on October 17th. The specific tokens include ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD.
The Uniswap Foundation’s Proposal to Request the DAO to Allocate $46.2 Million in Funds Will End
On October 18th, the Uniswap Foundation's proposal to request the DAO to allocate $46.2 million in funds will end in 3 hours. The current vote has reached the required number of voters and votes, with a support rate of 99.9%. The proposed $46.2 million in funds requested from the DAO will be used to support work over the next 2 years, with $28.33 million used for grants and $13.6 million (including $11.4 million and 508,000 UNI tokens) used for operations, adding a 10% buffer to alleviate price fluctuations.
Uniswap Has Charged Over $11,000 in Front-End Transaction Fees, and All Tokens Will Be Exchanged for USDC
On October 18th, according to on-chain data, Uniswap activated the switch for collecting frontend trading fees about 10 hours ago. The total fees collected so far are approximately $11,511.44.
Yearn core developer banteg reported that Uniswap will exchange all tokens extracted every 10 minutes for UDSC and store them at address 0x6460D14DbAeb27AEfec8eBeF85dB35DefA31c3b9.
Ekubo launched a new proposal on the Uniswap Governance Forum, proposing to exchange 3 million UNI for 20% of future governance tokens.
On October 17th, Moody Salem, the former team leader of Uniswap engineers, who is now building the Starknet ecosystem AMM protocol Ekubo, proposed a discussion on the Uniswap governance forum. The proposal suggests establishing a partnership with Uniswap DAO, in which 3 million UNI (approximately $12 million) will be contributed in exchange for a 20% stake in future Ekubo protocol governance tokens.
Moody Salem stated that the 3 million UNI is intended to maintain the operation of Ekubo, to develop the Ekubo protocol, and to contribute to the Uniswap protocol. These costs mainly include engineering, auditing, and legal support. The proposal will also update the Uniswap V4 license, including granting Ekubo a license to use Starknet network without restrictions.
BlockTower Capital CEO: Uniswap’s Charges for Front-End or Extra Features Not Related to the Protocol Are Unreasonable
In response to Uniswap founder hayden.eth's announcement that Uniswap will charge a 0.15% exchange fee for certain tokens, BlockTower Capital CEO Air Paul replied that it is unreasonable to charge for additional front-end or protocol-independent functionality, but also believes that Uniswap's explanation for the fee is a wise communication strategy. Previously, Uniswap announced that it will charge a 0.15% exchange (swap) fee for certain tokens in its web application and wallet, including: ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, XSGD starting on October 17th.
Uniswap Labs to Impose 0.15% Fee on ETH, USDC and Other Token Trades
Uniswap Labs, the company behind decentralized crypto exchange Uniswap, will begin charging a 0.15% fee on trades involving certain tokens starting on Tuesday. The fee will only apply to trades executed through Uniswap Labs' frontend and is separate from the existing "protocol fee" managed by governance voters. Uniswap Labs stated that the new fee is intended to fund their operations and is one of the lowest in the industry. The fee will not apply to stablecoin swaps or trades between ether and wrapped ether.
