Key Points:

• Community opposition to Uniswap’s proposal to collect fees from LPs has been strong.
• The vote brought about a nearby match between the two proposition, with 45% of the vote communicating resistance to a charge. In
• contrast, 42% of votes were in favor of charging one fifth of the team fee to all Uniswap v3 players.
• After a certain percentage of fees, advocates for protocol fees can join forces and win.

The Uniswap decentralized exchange community members are facing chaos in voting for the platform’s plan to charge fees from LPs.

The results of the proposal voting showed that 45.32 percent opposed charging, 42.34 percent supported charging 1/5 of liquidity provider fees, 12.3% supported charging 1/10, and 0.04% supported charging 1/6.

No other category has received more support than the “free,” despite the fact that support for a fee outweighs opposition (55% vs. 45%). Advocates for protocol fees have a chance of winning if they can unite after a certain percentage of fees.

On Twitter, the Uniswap Foundation’s executive director, Devin Walsh, stated that the poll was only put out for feedback and was not part of a formal governance process.

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The proposal will still be up for vote despite these outcomes. According to the polling station, the results will be used to prepare for a more formal “temperature check” vote. However, there is significant opposition to a fee.

As previously reported, GFX Labs has introduced a proposal in the Uniswap community to “implement liquidity pool fees.” This proposal calls for open charge conversion for Uniswap v2 and agreement fees equal to 20% of pool fees for all Uniswap v3 pools.

The proposition’s extension is to execute charges on the Uniswap liquidity pool, carry out an expense for-procuring framework, and offer assigned resources for the UNI people group in a trustless way. The UNI community can decide how to manage, distribute, or use the assets that will be credited to the treasury in subsequent proposals.