What are the fees associated with using Uniswap?
Uniswap is a decentralized exchange protocol that allows users to trade Ethereum tokens without the need for a centralized exchange.
The fees associated with using Uniswap are quite low compared to other exchanges. When trading on Uniswap, users pay a 0.3% fee for each trade, which is split between the liquidity providers and the Uniswap team.
This fee is used to incentivize liquidity providers to provide liquidity in the form of ETH and ERC-20 tokens. In addition, there is also a 0.05% “slippage” fee that is charged when trading on Uniswap.
This fee compensates the liquidity providers for providing liquidity in the form of ETH and ERC-20 tokens. Finally, there is also a gas fee associated with using Uniswap, which varies depending on network congestion and other factors. This fee goes directly to miners who process transactions on the Ethereum blockchain.
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