Analysis Today TheBitTimes.com

The world’s largest so-called decentralized exchange, Uniswap, has introduced a 0.15% fee on its most popular trading pairs — a move that will not benefit UNI tokenholders. Incredibly, Uniswap Labs founder Hayden Adams claims that this new fee is separate from Uniswap Protocol’s fee switch function, which UNI token holders govern. Aggravating UNI holders with this decision continues a long history of overlooking Uniswap’s curious coin offering. Indeed, the price of UNI has declined 91% since its all-time high. Worse, Uniswap functioned for two years without the need for any governance token. Coinciding with a generous allocation to Adams and a group of early insiders, Uniswap oddly bolted its UNI token onto its otherwise well-functioning ecosystem on September 16, 2020. With $3 billion in total value locked (TVL) and a #1 ranking on DEX volume leaderboards, Uniswap .org is by far the world’s most popular website to swap digital assets in a non-custodial manner. It has process...

Uniswap developer AzFlin has admitted to creating the FRENS token but has argued what he did doesn't constitute a rug pull. Uniswap dev loses job, was it worth it? A Uniswap developer known as “AzFlin” has been sacked by the founder of Uniswap Labs, Hayden Adams, for alleged ly creating a memecoin and rug pulling it a few hours later for 14 wrapped-Ether (wETH), worth $25,800. It is understood that AzFlin developed and deployed FrensTech token (FRENS) on Coinbase’s new layer 2 blockchain Base on Aug 12 before selling the tokens raised from the liquidity shortly after. Adams publicly confirmed the sacking of AzFlin, adding that such behaviour is neither supported nor condoned at Uniswap Labs. Wanted to let people know this person is no longer with the company. Not behavior we support or condone. https://t.co/sxVowwIR3Q — hayden.eth (@haydenzadams) August 12, 2023 The developer has mocked the situation at hand with a series of light-hearted posts along with a new X (formerly Tw...