The Latest Rivalry in Web3 is Heating Up

TL;DR

• PancakeSwap has pledged that they will reimburse traders up to $8 million in fees that have been incurred on their competitor’s platform.

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BMW vs. Audi.

Nike vs. Adidas.

Coke vs. Pepsi.

PancakeSwap vs. Uniswap.

Today we’re talking about rivalries and this one’s getting hotter than a Pacqui chip.

About a month ago, Uniswap hiked its ‘interface fees’ - fees charged to users to execute trades on the decentralized exchange (DEX) - from .15% to .25%.

Now, the team behind PancakeSwap (a competing DEX) has pledged that they will reimburse traders up to $8 million in fees that have been incurred on their competitor’s platform.

In order to be eligible, any crypto traders who match their Uniswap v3 volume 1:1 on PancakeSwap v3 between May 16 and August 15 will receive a full refund of their Uniswap interface fees through PancakeSwap.

Uniswap users can visit PancakeSwap’s Dune dashboard to check their eligibility and eligible traders must fill out a form to claim the reimbursement.

So yeah, if you’ve been stung by the increase in fees on Uniswap, you may be in luck!

It’s rivalries like this that keeps fees low and promotes continuous innovation.

Your move, Uniswap.