Ethereum

PancakeSwap

Uniswap

when

In a daring attempt to win over Uniswap users, decentralized exchange PancakeSwap is providing up to a $8 million fee reimbursement to traders.&nbsp; 
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 Get Your Uniswap Interface Fees Refunded on PancakeSwap, up to $8M! Match your Ethereum Uniswap volume 1:1 on Ethereum PancakeSwap, and we’ll refund ALL your interface fees paid. Trade now: <a href="https://t.co/9KbutqNsye" target="_blank">https://t.co/9KbutqNsye</a> Check your eligibility: <a href="https://t.co/sInICDd2tY" target="_blank">https://t.co/sInICDd2tY</a> Read more:… <a href="https://t.co/SrMTPJxWsS" target="_blank">pic.twitter.com/SrMTPJxWsS</a>— PancakeSwap v4🥞 (@PancakeSwap) <a href="https://twitter.com/PancakeSwap/status/1791076335462314097?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 16, 2024</a>
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The project, which was <a href="https://blog.pancakeswap.finance/articles/get-your-uniswap-interface-fees-refunded-on-pancake-swap-up-to-8-m" target="_blank" rel="noreferrer noopener">revealed</a> by Chef Mochi, the head of PancakeSwap, is aimed at traders who match their trading volumes 1:1 on Uniswap v3 with PancakeSwap v3. The promotion will be available between May 16 and August 15. 
Next is Uniswap Labs’ April decision to raise interface fees from 0. 15% to 0. 25% of the traders are dissatisfied with this, which means that they will not continue in this business. PancakeSwap will take advantage of this through lower fees, better prices, and a fee return. 
To participate, traders must have held $5,000 in WBTC and/or WETH pairs and traded on Uniswap’s Ethereum platform from January 1 to March 31, then verify eligibility and complete a form via PancakeSwap’s Dune dashboard. 
PancakeSwap operates on the Binance Smart Chain having fees lower than Uniswap’s Ethereum-based platform which charges higher fees. With this bold strategy, PancakeSwap aims to seize more market share by being the sixth-largest DEX in terms of daily trading volumes. 
Furthermore, Uniswap deals with regulatory risks, where the SEC sent a Wells notice, which resulted in a 15% drop in UNI. This is due to the effect on the market and the investors’ sentiments. 
PancakeSwap’s fee reimbursement initiative targets Uniswap users dissatisfied with fee hikes, offering a strategic advantage amid regulatory uncertainties. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/30/uniswap-drives-37-surge-in-layer-2-trading-on-ethereum/" target="_blank" rel="noreferrer noopener">Uniswap Drives 37% Surge in Layer 2 Trading on Ethereum</a> 
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PancakeSwap Offers $8M Interface Fee Refund to Uniswap User

The Crypto Times

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