Uniswap founder rejects claims v4 fees reduce LP earnings
Summary
Hayden Adams rejected criticism of Uniswap v4’s newly activated protocol fees, calling it “FUD and misunderstanding.” He said claims that the change cuts liquidity providers’ earnings are wrong because protocol fees are added on top of swap fees rather than taken from LP payouts. Using a 30-basis-point pool as an example, he argued that a 5-basis-point protocol fee equals about 14% of total swap fees, not a 25% cut to LP profits. The dispute followed governance approval to activate protocol fees for selected v4 pools across multiple blockchains. Uniswap remains the largest decentralized exchange by total value locked, with about $3.06 billion secured.
