-
ARS 1,088.80 (-0.46%) -
BTC 63,974.00 (-1.09%) -
ETH 3,098.94 (-2.45%) -
SOL 156.62 (+1.60%) -
PEPE <0.01 (-6.13%) -
XRP 0.54 (+0.02%) -
DOGE 0.16 (-3.55%) -
WIF 3.28 (-7.96%) -
WLD 6.12 (-4.14%) -
BOME 0.01 (-8.44%) -
ENA 0.91 (-0.55%) -
RNDR 10.67 (+6.80%) -
NEAR 7.54 (+0.94%) -
RUNE 5.41 (-2.06%) -
AVAX 37.02 (-5.54%) -
BONK <0.01 (-8.12%) -
FLOKI <0.01 (-7.48%) -
AR 40.12 (+3.76%) -
ARKM 2.69 (+2.55%) -
SUI 1.11 (-2.25%) -
ORDI 39.52 (-4.12%) -
ETHFI 4.00 (-5.28%) -
MATIC 0.71 (-6.80%) -
JTO 3.80 (+4.63%) -
FTM 0.70 (-4.39%) -
ADA 0.45 (-3.61%) -
TRX 0.12 (-1.21%)
Uniswap DAO rejects plan to charge LP fees UNI holders cite tax concerns
Published: 2023-06-01
1. Uniswap DAO rejects plan to charge LP fees The Uniswap DAO has rejected a proposal to charge liquidity provider (LP) fees,citing concerns about the tax implications this could have for Uniswap users. The proposal had suggested that a portion of the transaction fees generated by the platform should go to LPs,who provide liquidity to the decentralized exchange. However,many feared that this would be seen as a taxable event,forcing LPs to report their earnings and potentially causing them to owe significant amounts of money to the IRS. Ultimately,the Uniswap community voted against the proposal,opting to explore other ways to reward LPs without exposing them to tax liabilities.
2. Uncertainty around tax laws The rejection of the fees proposal highlights the ongoing uncertainty around tax laws in the crypto world. With the IRS yet to provide clear guidance on how to report cryptocurrency earnings,many users are struggling to understand what their tax obligations are. This has created friction between those who believe that crypto should be taxed like traditional assets,and those who argue that the unique nature of cryptocurrencies calls for a more tailored and nuanced approach to taxation.
3. Decentralized governance in action The rejection of the LP fees proposal is also a testament to the power of decentralized governance in the crypto space. Uniswap's DAO is composed of UNI token holders,who have the ability to vote on proposals and make decisions about the future of the platform. This means that the community as a whole has a say in how Uniswap operates,rather than decisions being made by a small group of executives or shareholders. In this case,the community was able to come together to reject a proposal that was deemed to be detrimental to the best interests of Uniswap users.
Reference: cointelegraph.com
The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | ARS |
1,088.80 | 2,519,509,089.00 |
| 2 | BTC |
63,974.00 | 2,036,014,403.71 |
| 3 | ETH |
3,098.94 | 1,146,493,711.83 |
| 4 | SOL |
156.62 | 787,747,170.76 |
| 5 | PEPE |
<0.01 | 407,962,757.47 |
| 6 | XRP |
0.54 | 313,704,716.75 |
| 7 | DOGE |
0.16 | 298,706,358.15 |
| 8 | WIF |
3.28 | 271,149,880.11 |
| 9 | WLD |
6.12 | 186,420,968.65 |
| 10 | BOME |
0.01 | 183,322,684.23 |
| 11 | ENA |
0.91 | 176,638,123.11 |
| 12 | RNDR |
10.67 | 152,876,360.02 |
| 13 | NEAR |
7.54 | 145,617,236.57 |
| 14 | RUNE |
5.41 | 97,806,772.13 |
| 15 | AVAX |
37.02 | 95,410,778.60 |
| 16 | BONK |
<0.01 | 91,355,247.55 |
| 17 | FLOKI |
<0.01 | 69,550,840.51 |
| 18 | AR |
40.12 | 66,344,659.34 |
| 19 | ARKM |
2.69 | 63,584,033.17 |
| 20 | SUI |
1.11 | 61,298,257.97 |
| 21 | ORDI |
39.52 | 59,357,227.97 |
| 22 | ETHFI |
4.00 | 58,654,009.69 |
| 23 | MATIC |
0.71 | 54,984,490.36 |
| 24 | JTO |
3.80 | 53,587,514.27 |
| 25 | FTM |
0.70 | 49,264,452.23 |
| 26 | ADA |
0.45 | 47,681,756.34 |
| 27 | TRX |
0.12 | 46,324,961.90 |
Coins with rapidly rising prices
(Update every 1 minute)
| at | from | is ($US) | more (%) |
|---|---|---|---|
| 1 |  ERN |
5.87 | +29.11 |
| 2 |  POWR |
0.34 | +9.43 |
| 3 |  VGX |
0.09 | +8.53 |
| 4 |  BSW |
0.09 | +8.07 |
| 5 | RNDR |
10.67 | +6.80 |
| 6 |  AKRO |
<0.01 | +5.36 |
| 7 | JTO |
3.80 | +4.63 |
| 8 |  RARE |
0.12 | +4.37 |
| 9 | AR |
40.12 | +3.76 |
| 10 |  CTXC |
0.37 | +3.30 |
| 11 |  PSG |
5.23 | +2.95 |
| 12 | ARKM |
2.69 | +2.55 |
| 13 |  TRU |
0.12 | +2.05 |
| 14 |  AGIX |
1.03 | +1.83 |
| 15 |  HIGH |
4.14 | +1.79 |
| 16 |  IRIS |
0.03 | +1.79 |
| 17 |  OCEAN |
1.03 | +1.71 |
| 18 | SOL |
156.62 | +1.60 |
| 19 |  POLYX |
0.41 | +1.45 |
| 20 |  CHZ |
0.13 | +1.35 |
| 21 |  RAY |
1.79 | +1.18 |
| 22 | ![BinaryX [OLD] title=](https://titdoi.com/coins-images-mini/BNX-binaryx.webp){kind=small} BNX |
0.97 | +1.12 |
| 23 | NEAR |
7.54 | +0.94 |
| 24 |  YGG |
0.91 | +0.71 |
| 25 |  BAKE |
0.27 | +0.68 |
| 26 |  LSK |
1.92 | +0.68 |
| 27 |  BCH |
480.70 | +0.52 |
| 28 |  LOKA |
0.28 | +0.47 |
| 29 |  HIVE |
0.32 | +0.31 |
| 30 |  STEEM |
0.29 | +0.24 |
The price of coins is falling rapidly.
(Update every 1 minute)
| at | from | is ($US) | reduce (%) |
|---|---|---|---|
| 1 | REZ | 0.15 | -13.30 |
| 2 |  USTC |
0.02 | -9.88 |
| 3 |  CVX |
2.35 | -8.96 |
| 4 | BOME |
0.01 | -8.44 |
| 5 |  SAGA |
3.17 | -8.14 |
| 6 | BONK |
<0.01 | -8.12 |
| 7 | WIF |
3.28 | -7.96 |
| 8 |  DYM |
3.15 | -7.90 |
| 9 |  LUNC |
<0.01 | -7.87 |
| 10 |  TNSR |
0.85 | -7.75 |
| 11 |  QKC |
0.01 | -7.67 |
| 12 |  STRK |
1.29 | -7.51 |
| 13 | FLOKI |
<0.01 | -7.48 |
| 14 |  MANTA |
1.73 | -7.30 |
| 15 |  PYTH |
0.53 | -7.16 |
| 16 |  PIXEL |
0.41 | -7.05 |
| 17 | MATIC |
0.71 | -6.80 |
| 18 |  PDA |
0.08 | -6.66 |
| 19 |  CTK |
0.67 | -6.65 |
| 20 |  TAO |
441.10 | -6.53 |
| 21 |  OP |
2.74 | -6.46 |
| 22 |  COS |
0.01 | -6.38 |
| 23 |  PORTAL |
0.80 | -6.37 |
| 24 |  PROM |
10.18 | -6.35 |
| 25 |  SEI |
0.54 | -6.27 |
| 26 |  KMD |
0.38 | -6.26 |
| 27 |  PENDLE |
4.95 | -6.26 |
| 28 | PEPE |
<0.01 | -6.13 |
| 29 |  XAI |
0.73 | -6.10 |
| 30 |  ENS |
14.77 | -5.92 |
Bitcoin's Greed and Fear Index.
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| 11 | 30-y Bond Auction | Thursday | 09-05-2024 | 18:01 |
| 12 | FOMC Member Daly Speaks | Thursday | 09-05-2024 | 19:00 |
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| 17 | Federal Budget Balance | Friday | 10-05-2024 | 19:00 |
