The Degen team collects Uniswap v3 LP fees and reinvests and distributes them
ChainCatcher news, according to Degen's official Twitter, the Degen team today collected the Uniswap v3 liquidity provider (LP) fees from the past 6 months, of which 8% is allocated for the Degen development work at Gentlemen Labs. Half of the remaining fees will be reinvested into the liquidity pool, while the rest will be allocated to the Degen Foundation. The LP will be locked until January 15 to ensure liquidity safety.
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
