Coinspeaker
PancakeSwap Woos Uniswap Users with Generous Interface Fees Offer
In a bold strategic move aimed at enticing traders away from competitor Uniswap, decentralized exchange PancakeSwap says it plans to offset the fees incurred by users on Uniswap. The total amount it will reimburse users is up to $8 million in fees.
PancakeSwap’s Generous Fee Reimbursement Initiative
The reimbursement initiative, unveiled by PancakeSwap Head Chef Mochi, targets traders who match their Uniswap v3 trading volume 1:1 on PancakeSwap v3. The generous offer will last between May 16 and August 15.
This move follows Uniswap Labs’ decision to increase interface fees from 0.15% to 0.25% for most swaps in April, prompting dissatisfaction among some traders. PancakeSwap is milking the opportunity by providing an alternative to unhappy users seeking alternatives.
According to Mochi, “As a leading multichain DEX, we are here to offer a direct solution, as this campaign promises lower fees
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