Uniswap Labs hikes swap fee to .25% from .15% on trades through interface

Uniswap UNI

-19.52%
Labs has increased the fee it charges users for using the interface to trade on the Uniswap protocol from 0.15% to 0.25% for most swaps.

The policy change was implemented on April 10, blockchain data showsjust hours after Uniswap founder Hayden Adams revealed that the SEC had sent a Wells Notice warning of an upcoming lawsuit to the company.

Certain swaps are completely excluded from the fee, including stablecoins based on the same underlying currency and wraps between ETH and WETH. Users can also avoid the fees by using an alternative interface to access Uniswap instead of the one developed by Uniswap Labs. All other transactions on the main and supported Layer 2 networks are subject to the increased fee, which is determined by Uniswap Labs.

“[Uniswap Labs is] such as a software development shop. We have done some of the core development of the protocol,” Adams said in an interview with today Bankless. “We also built an interface for the protocol we use. But a lot of other people have done the same.”