DeFi News Today TheBitTimes.com

Fees will not be collected on inter-stablecoin trades, nor on wrapping Ether. Decentralized exchange Uniswap (UNI) will begin charging a 0.15% swap fee on certain tokens in its web application and wallet on October 17. According to a post by Hayden Adams, the DEX's founder, the affected tokens are Ethereum (ETH), USD Coin (USDC), Wrapped Ether (WETH), Tether (USDT), DAI, Wrapped Bitcoin (WBTC), Angle Protocol (agEUR), Femini Dollar (GUSD), Liquidity USD (LUSD), Euro Coin (EUROC), and StraitsX (XSGD). The interface fees will be deducted from the output token amount. In addition, fees will not be collected on swaps between Ether and Wrapped Ether trading pairs, nor on inter-stablecoin swaps. I work in crypto because of the immense positive impact I believe it can have on the world, removing gatekeepers and increasing access to value and ownership. I’m proud of the ways @Uniswap Labs has contributed to that effort and want to make sure we’re creating sustainable… — hayden.eth (@ha...

A host of companies have been expanding their reigns in the crypto-verse of late. Right from offering new products to acquiring funding and branching out—different organizations have been treading on different paths with the same goal. In the latest development, Uniswap plans to expand its already existing reigns. Per a recent report from TechCrunch, Uniswap Labs is in the “early stages” of putting together a new funding round. It is reportedly engaging with a number of investors—including Polychain and one of Singapore’s sovereign funds—to raise an equity round of $100 million to $200 million at a valuation of about $1 billion. JUST IN: Uniswap Labs to raise equity at a $1,000,000,000 valuation. — Watcher.Guru (@WatcherGuru) September 30, 2022 According to TechCrunch’s unnamed sources, the deliberations of the round haven’t reached the final stages . As a result, the terms of the deal may change going forward. In Augu...