each 400 UNI airdrop holder will be entitled to $0.06 per year in trading fee dividends assuming current volume and fee share of 0.05%
Each 400 UNI airdrop holder will be entitled to $0...
wait i mean $22 per year i forgot to multiply by 365
Either you misscalculated or used the total supply. I am calculating a reward of ~150$ for each 400 UNI with the current EOY ~200M supply prediction.
rewards will be distributed to total supply though wether vested or not. every single UNI token that exists will receive the rewards
How is the remaining 60% going to be distributed to users and liquidity providers over the next 4 years?
holders - 0.05%
LPs - 025%
Both - 0.30%
Literally Bitconnect-tier returns. Unsustainable
Man my savings account pays me more than that lol.
No. There is no mechanism in place for the distribution yet. All that the code says is that the 0.05% fees will get gathered into a single address. That address will be voted on through governance. How it goes from there is still yet to be decided by voters.
Thinking that they will distribute the fees to UNI that is not yet in circulation is retarded. Who will get that money? Did you even think?
it's $550 at the lowest, with UNI at $100 eom
I dont understand....and when are the payouts...yearly?
I sold that shit for more Suterusu so I can mine Polytrade. Enjoy your vaporware.
I sold my UNI. If the fees would start to get paid now, I would be all in at these prices. But there is a time lock of 180 days for the fee switch to be activated. Half a year no dividends = boring af. Shit deal.
I make that much per day and month, respectively, just staking like $5k worth of shitcoins. How the fuck is their APY so shit?
Where stake sir
>But there is a time lock of 180 days for the fee switch to be activated
Source?
Its literally in the official UNI launch announcement blogpost. Ctrl+f "180"
I hope you arent invested in it and didnt even read the one single source of info on it. Otherwise, holy kek you are not based.
you are correct user, op is a retard
What movie is this?
blood sport 2
so 80,000 UNI would give you $30,000 a year? This could actually be a nice investment but at $4 per UNI, you'd need $320,000 to make $30,000 a year from UNI, at that point you may as well grab dividends from the stock market as I consider that a safer investment lol.
But still, this news could cause UNI's price to go up a lot, mmm I can taste that moon money already.
yes ok, with that you can buy another 40 UNI for next year giving you 165$ per year and so on and so forth until you have a passive income of $100k per year after year 15
the question is, is it smarter to ad liquidity to ETH dai and stake V2 for UNI or is it simpler just to swap it all for UNI?
Also gotta bear in mind the volume/fees could easily be 10x within a year or two
>assuming current volume and fee share of 0.05%
I sold because of this. The chance that another dex comes along and steals the show by providing lower costs (you could fork uniswap right now and set the fee to .25 cut instead of the current .30) is enormous. Uniswap is only able to be so inefficient to users because of brand recognition from the unicorn emoji. You are betting on people to continue to trade against their own economic interest.
Alternatively, the DAO could vote to up the fees (extremely likely - cz and coinbase already hold enough voting power to get ~15% of the vote, and I'm sure 33% of holders are greedy retards who would up the fees if someone tells them they'll get more money per UNI) and it would die just as surely.
>You are betting on people to continue to trade against their own economic interest.
Yeah man, people definitely haven't been doing that for years buying Apple products instead of the cheaper, more efficient and flexible PC/Android products instead. Don't underestimate the power of brand names.
that scene was cringe af. van damme should never dance.. ever.
>.30 vs .25
dude, you dont get it. its the liquidity providers...its like saying "anyone can copy youtube its a javascript movie player and search function!!!!"
yeah, but you just need to convince every content maker to start uploading there....
so bringing this back to UNI, do you think LP's prefer higher fees or lower?
Apple has lost huge amounts of market share already though. This isn't 2007 anymore. And crypto moves much, much faster. The average phone life is 2 years, and the life of your average shitcoin is 2 weeks. Crypto isn't loyal. Look at how many liquidity providers moved to sushi when they offered a coin and rewards.
For example, I can buy my linkies on swap.loopring.io and pay 0 gas, while getting the same rate as on uniswap. Loopring is shit because it's no fuss and more important, no memes. Somebody forking loopringswap, adding a meme monkey logo or some shit, setting swap price to .25%, and a zkrollup so nobody pays gas, would make an absolute killing.
Liquidity providers get their money from people making trades. If the user is buying $500 worth of tokens and paying $1.50+$40 in gas, its only a matter of time before people decide to pay $1.20+$1 in gas. The liquidity will move to where the people makes swaps are. Although I understand it is a chicken and egg problem, I'm not going to invest my money in what is *already* the inefficient and outdated dex, hoping that in 6 months' time nobody will realise they're getting ripped off.
liquidity providers all own UNI too. 0.05% going to UNi holders makes no difference to them
because they know if its too high all the farmers will migrate to them and begin dumping the fuck out of it and killing price.
Except the UNI token will bleed 90% from here.
Verasity is the key to surviving the bear.
I just checked the slippage and loopring is actually cheaper for many tokens. I can accumulate more for less while paying negligible amounts of gas, or I can use uniswap and pay $40 per trade.
I'm not saying the market will catch up quickly. People are retarded and funny unicorn memes bring in the crowds. But I am not going to bet my money on people staying retarded. If I have to lock up my UNI for 6 months before I even begin earning rewards, I would have serious doubts that the protocol will hold its current market share of liquidity until I finally begin earning. It is a terrible, terrible gamble to make.