Degen

Base

wanted to post this on /base but I see we're still playing the clown game with channel limitations 💀 

Anyone have any idea who owns the FeeCollector contract on Base? https://basescan.org/address/0x5d64d14d2cf4fe5fe4e65b1c7e3d11e18d493091#tokentxns

Assume it's @uniswap - it's been scraping a fee off *every* token swap.

Not a fee that goes into LP - it's a 0.25% fee that just goes to the above contract and gets market sold.

Isn't limited to just the bluechips, they market sell off everything from WETH to DEGEN to memecoins

It's actually causing pretty considerable sell pressure (and increasing gas costs) on the entire chain.

The largest onchain marketplace. Buy and sell crypto on Ethereum and 10+ other chains.

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I knew they had those for bluechips ala ETH, WBTC etc; but not for memecoins. 0.25% fees on a memecoin is extremely egregious.

Seeing it happen on direct router trades too, so it ain't frontend limited

Interesting, hmmmm.... Is this not the frontend fees from uniswap? It's kinda grifty.

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I was of the impression that was only for bluechips which.. yknow, wouldn't be as hard-slapped with a constant 0.25% sell pressure applied 😬

Didn’t uni turn the fee switch on a while ago?

77 $DEGEN

Guessing you already are well aware, but there’s a base discord too that’s active