TL; DR
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PancakeSwap has promised that they will reimburse traders up to $8 million in fees incurred on their competitor’s platform.
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BMW vs Audi.
Nike vs Adidas.
Coke vs Pepsi.
PancakeSwap vs Uniswap.
Today we’re talking about rivalry and it’s going to be hotter than one Pacqui chip.
About a month ago, Uniswap increased its “interface fees” – fees users are charged to transact on the decentralized exchange (DEX) – from 0.15% to 0.25%.
Now, the team behind PancakeSwap (a competing DEX) has promised that they will reimburse traders up to $8 million in fees incurred on their competitor’s platform.
To qualify, all crypto traders who match their Uniswap v3 volume 1:1 on PancakeSwap v3 between May 16 and August 15 will receive a full refund of their Uniswap interface fees through PancakeSwap.
Uniswap users can go to PancakeSwap’s Dune dashboard to check eligibility, and eligible merchants must complete a form to claim the refund.
So yeah, if you’re bothered by the increase in fees on Uniswap, you might be in luck!
It is such rivalries that keep costs down and promote continuous innovation.
Your move, Uniswap.