The fee switch proposal initially posted back in July would collect small fees on certain Uniswap liquidity pools. However, community members preferred taking more time and conducting more research prior to making a decision on such a sensitive topic, and here's why.

Self-sustainability was the initial goal behind the aforementioned protocol charge. The feature would include the exact percentage amount hardcoded into core contracts, which remain non-upgradable.

In the case of success, at the current value, the entire protocol would bring in almost $15 million a year, which is, at the current valuation, 314x profit. Additionally, the profit from the fee switch sends money to the protocol, even though there is no staking mechanic implemented.

The excessive funds that would be generated if the proposal goes through have not been assigned yet, even though the consensus is to spend them on further growth of the project.

(By Arman Shirinyan)