Uniswap founder responds to launch platform fee policies: the 2% bid-ask spread is launchpads’ primary "harvesting" tool.
2026.08.06 15:39:49
Uniswap founder Hayden Adams responded to community queries, noting that the 1% liquidity pool fee adopted by some token launch platforms is equivalent to a roughly 2% bid-ask spread and serves as their main revenue extraction method. This not only increases trader costs but also causes initial liquidity pools to become inefficient after the token’s scale expands. He believes that Uniswap’s self-built pools.trade, which uses a 0.25% fee and automatic fee reinvestment, is more conducive to long-term liquidity. Additionally, LPs (liquidity providers) of these launch platforms typically come from zero-cost locked assets, so there is no price risk that requires high fees to compensate for.
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