Uniswap Founder Denies Fee for Protocol Deployment
CryptoNewsTerminal Staff11 Sep, 2024
Uniswap Founder Denies Fee for Protocol Deployment
Uniswap founder Hayden Adams has denied that the decentralized exchange ever charged a fee to deploy its protocol. This was in response to an X posting from an individual who claimed they were asked to pay $20 million to deploy Uniswap. Adams stated that "Uniswap Labs and or the Uniswap Foundation have never charged a fee, royalty, or anything for deploying the Uniswap protocol." Uniswap is an automated liquidity protocol that enables users to trade cryptocurrencies on a decentralized network. It is one of the most popular decentralized exchanges, with a daily trading volume of over $1 billion.