Brenner
@brenner.eth
Let’s turn the uniswap fee switch on and take even more money from LPs!! For the level of transparency we *can* get in crypto, kind of crazy analyses like this aren’t done sooner & more often https://twitter.com/thiccythot_/status/1589022227437039616?s=20&t=bUvLvvhzJ_oWg9dC_1uEBQ
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Elie
@elie
Are fees taken from lps or from traders? Sort of nuts how the uni token has accrued so much value and may never be able to generate revenue.
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Brenner
@brenner.eth
The fee switch is on LPs. Protocols create a ton of value. They cannot capture that value. https://b.mirror.xyz/ushpg5LwfwCsMuITFblaScG7CplNiuolE6mzIWCp_rw
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Elie
@elie
But you end the article by saying frontends can capture value. And every protocol has a standard frontend. Not convinced it’s all a race to 0. But agree uniswap can’t justify its value or monetise properly. Web3 is a strange place where many business models don’t work but magic internet money somehow does
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