Proposal to Deploy 1bp Fee Tier for UniswapV3 on Arbitrum Passed

Advantages of 1bp Fee Tier, Impact on Uniswap & Voting Results

Proposal to Deploy 1bp Fee Tier for UniswapV3 on Arbitrum Passed

Key Takeaways

  1. Currently, The Uniswap 1bp fee tier is live on the mainnet, Optimism, and Polygon.
  2. It allows users to trade with lower fees, making it more accessible and competitive with other DEXes.

Arbitrum has a thriving ecosystem of DeFi dapps that will benefit from less stable-to-stable friction. The Uniswap deployment on Arbitrum currently has ~308M of TVL and ~150M of Trading Volume.

Impact on Uniswap

1bp fee tier offers a lot of advantages:

  1. Lower fee tiers increase competitiveness and incentivize more user activity.
  2. As liquidity is more concentrated, 1bp pools are more capital efficient.
  3. Lower fee tiers can also increase liquidity providers' volume and earnings.

Since its launch on Uniswap V3, 1bp fee tier has directly led to growth in Uniswap’s DEX market share and directly competes with stablecoin DEX protocols.

Source: Dune Analytics

Voting Results

Almost 100% of the community members have voted for this proposal.

Currently, voting to Deploy Uniswap V3 on BNB Chain is going on. This ends approximately February 10, 2023. Most of the community members have voted for the implementation of this proposal.

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