Uniswap Labs reports reportedly over $ 100 million in new funds

Uniswap Labs reports reportedly over $ 100 million in new funds

Uniswap Labs, the DE-FACTO backbone of the Uniswap Protocol reports on the fact that the risk capital round of $ 100 to $ 200 million is prepared.

The Creator of the Uniswap Interface, Hayden Adams, works with a state fund from Singapore and with the cryptofocussed investment company Polychain, techcrunch together reported .

NUMPLY FIRANCE, Uniswap Labs should have a value of $ 1 billion, although the final assessment could change as negotiations are as soon as the capital gathering progresses in later phases.

Uniswap Labs had previously raised a series of Series A of $ 11 million under the direction of Andreessen Horowitz, in which investors from Paradigm Venture Capital, Union Square Ventures and Parafi also took part.

The latest steps to search for financial resources probably indicate plans to further expand the offer.

The Defi protocol is one of the largest decentralized crypto exchanges and, according to Blockworks data, currently has a market share of 47.2 %.

In the past few months, the uniswap has been considering the community strategies for generation of sales with the aim of maintaining the long -term growth of the protocol.

A proposal for the fee change was overwhelming Uniswap’s Community Governance in early July, but only a few steps have been taken since then.

The change of fees offered a pilot option to test fee parameters in selected liquidity pools, including 0.05 % of DAI-ET, 0.3 % of ETH-EXTD and 1 % of USDC ET-a fee of 10 % would be charged, the lowest proportion that the code allows.

and each resulting value would remain in the protocol before the governance decides where to be assigned.

uniswap The decision of Labs to collect donations could also be a mechanism to potentially reduce the risks of the pilot project.
Uniswap Community member with the pseudonymous title BJP3333 Year that "fees are taken away by LPS [liquidity providers] should be a last way out."

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