As a researcher with extensive experience in the decentralized finance (DeFi) space, I’m intrigued by PancakeSwap’s latest campaign to reimburse traders for interface fees incurred on Uniswap. The initiative is a strategic move aimed at attracting traders disgruntled by Uniswap’s recent increase in interface fees and promising lower fees, better prices, and refunds for the excess fees paid on other platforms.
Starting from May 16 up until August 15, PancakeSwap launched a compensation program aimed at refunding traders for the interface fees they unintentionally paid to its rival, Uniswap.
This endeavor guarantees traders a return of their funds when they achieve an equal trading volume on Uniswap v3 and PancakeSwap v3.
Uniswap Labs raised the interface fee for token swaps through their wallet interface and web app from 0.15% to 0.25% in April, resulting in a higher reimbursement amount when using these services.
Unlock Up to $8 Million in Interface Fee Refunds on PancakeSwap by Matching Your Ethereum Uniswap Trades!
For every dollar worth of trades you make on Uniswap using Ethereum, enjoy the same value in refunded interface fees on PancakeSwap.
Start trading now:
Determine your eligibility:
Learn more:…
— PancakeSwap v4🥞 (@PancakeSwap) May 16, 2024
“As a prominent decentralized exchange (DEX) on multiple blockchains, PancakeSwap’s head Mochi announced our commitment to providing a straightforward solution. This campaign guarantees reduced fees, optimal prices, and reimbursement for excess fees incurred on other platforms.”
In order to qualify for the refund, traders need to have executed trades worth a minimum of $5,000 in either Wrapped Bitcoin (WBTC) or Wrapped Ether (WETH) on Uniswap’s Ethereum network between January 1st and March 31st. Eligibility can be checked using PancakeSwap’s Dune dashboard, and traders must then complete a form to receive their refunds.
PancakeSwap’s campaign forms part of their strategy to expand their market presence and surpass the trading volumes of competitors like Uniswap v3, as indicated by CoinGecko data which shows a gap of over $700 million in daily trading volumes between them.
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2024-05-16 18:42