Thank you for the fantastic and detailed post! I'm a bit confused by the tl;dr. It says the holders get 1/6. But you also mention the fee switch is turned off. So as of today, what do UNI holders get? If nothing, what's the incentive for holding UNI for those that are not interested in participating in governance (i.e. speculators)?
Great write up. Would be good to elaborate on the specifics of fee collection, including the denomination of fees collected (if swapping 100USDT for AAVE, is the fee collected in USDT?), and whether fees collected are then converted (e.g. to UNI) before moving to treasury.
Something I noticed about UNI -> quite geographically centralized team (nearly all NYC based, including future hires) -> made me wonder how much influence US-based regulators and regulations would have on this "DEX"
They've chose Optimism as their L2 over other solutions, maybe it is the right choice technologically, I haven't really analysis the pros/cons but found it interesting that Horowitz (their VC backers) was also an investor in Optimism, wondering how much this factor came into play...i.e. how biased were they due to this?
Lastly, what are your thoughts on Sushi vs Uniswap and which ones going to come out on top in ~3-5 years?
Thank you for the fantastic and detailed post! I'm confused by the tl;dr. It says the holders get 1/6. But you also mention the fee switch is turned off. So as of today, what do UNI holders get? If nothing, what's the incentive for holding UNI for those that are not interested in participating in governance (i.e. speculators)?
Thank you for the fantastic and detailed post! I'm a bit confused by the tl;dr. It says the holders get 1/6. But you also mention the fee switch is turned off. So as of today, what do UNI holders get? If nothing, what's the incentive for holding UNI for those that are not interested in participating in governance (i.e. speculators)?
Great write up. Would be good to elaborate on the specifics of fee collection, including the denomination of fees collected (if swapping 100USDT for AAVE, is the fee collected in USDT?), and whether fees collected are then converted (e.g. to UNI) before moving to treasury.
Something I noticed about UNI -> quite geographically centralized team (nearly all NYC based, including future hires) -> made me wonder how much influence US-based regulators and regulations would have on this "DEX"
They've chose Optimism as their L2 over other solutions, maybe it is the right choice technologically, I haven't really analysis the pros/cons but found it interesting that Horowitz (their VC backers) was also an investor in Optimism, wondering how much this factor came into play...i.e. how biased were they due to this?
Lastly, what are your thoughts on Sushi vs Uniswap and which ones going to come out on top in ~3-5 years?
Thank you for the fantastic and detailed post! I'm confused by the tl;dr. It says the holders get 1/6. But you also mention the fee switch is turned off. So as of today, what do UNI holders get? If nothing, what's the incentive for holding UNI for those that are not interested in participating in governance (i.e. speculators)?