- Uniswap's transition to Unichain will profit UNI token holders.
- Uniswap Labs and liquidity suppliers can even profit.
- Ethereum validators will lose an enormous portion of the charges they obtain from Uniswap.
Uniswap, the main decentralized crypto alternate (DEX), is shifting to Unichain later this yr. This shift will carry massive modifications to the platform and create worth for holders of UNI, the native DEX token.
Michael Nadeau, founding father of The DeFi Report, reached out to X to clarify how this transition to Unichain – the brand new DEX Layer 2 resolution throughout the OP Superchain – will have an effect on UNI holders, validators and others concerned in DEX.
Nadeau identified that Uniswap generated $1.3 billion in buying and selling and settlement charges over the previous yr, however protocol and token holders have been unable to retain all of that worth. 100% of income went to Liquidity Suppliers, Ethereum Validators, MEV Bots and Layer 2 Sequencers.
Transfer to Unichain winners
The most important change will likely be Ethereum validators, who presently obtain $368 million for his or her companies. After the transfer, UNI token holders and Uniswap Labs will get extra of the worth they generate.
As well as, Nadeau emphasised that together with Ethereum settlement charges, Uniswap will have the ability to preserve MEV charges as a result of it can personal the validators on Unichain. MEV charges presently account for 10% of complete charges ($100 million within the final yr). The protocol will have the ability to share these income with UNI token holders.
Lastly, talking of liquidity suppliers, Nadeau stated:
“LPs will proceed to obtain 100% of buying and selling charges and can even take part in settlement and MEV as soon as Unichain is stay.”
Losers within the transition to Unichain
Nadeau additionally defined that whereas Uniswap Labs, UNI token holders, LP and Optimism stand to realize quite a bit from the swap to Unichain, Ethereum validators and ETH token holders will lose a big portion of the $368 million in settlement charges presently coming from Uniswap. .
As well as, Arbitrum and Base sequencers can even lose settlement charges and MEV to Unichain. Nadeau stated Uniswap is making an attempt to “management extra of the worth they create by way of their interface and good contracts.”
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