DeFi

rabby

The power of DeFi vs web2/tradfi is that eliminates unnecessary middlemen. Too often I see new middlemen popping up, and I laugh at their attempts. The very nature of DeFi will expose the unneeded fee. 

They should know better, an unknowing user will find out eventually that Cowswap, Llamaswap etc exists. In this case they don't even inform the user with an info icon what the fee is about, that it's them taking a cut, not a fee that is necessary to provide the service as they just run it through 1inch. Nor did they do a proper announcement about this fee introduction. Feels very unDeFi like. 

Did not expect this move from /rabby, I love their wallet, I would happily pay a yearly fee for the wallet for example.

Experimenting, Fun, DeFi, Consumer Crypto & Ghouls

What’s the beef here though? They provide a UI and “secure” interface for 25bps. Very similar to Uniswap direct page

you probably don’t think about liquidity enough // it is what it is  // build value, not valuation

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The infra and ability to use the contracts directly is always free and available. 

I think it’s fair if people host or develop a front end - they can take a cut. Like you said - maybe a better model is paid license or something. Idk - the ethos of building unsustainable businesses must end

It was always free + the fee has been introduced quietly, zero announcement. That's not transparant at all, especially if your business is defi. 
Apart from that I feel this is just an un needed junk fee, like we have plenty of in web2. But the latter is more up to personal ethos or stance what defi embodies I guess.