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Uniswap founder says team renounced creator fees tied to testing tokens

Fees from tokens created during Uniswap Pools testing are now redirected to an ETH buy-and-burn mechanism, and TradePools says anyone can claim the released ETH by burning the corresponding token.

Reported · Written up by our desk · Market Structure

Uniswap founder Hayden Adams said the protocol team renounced all creator fees associated with “Uniswap employee testing” after tokens created during Pools testing were discovered. Adams said the creator-fee stream has been redirected to an automated buy-and-burn contract instead of flowing back to Uniswap Labs.

According to TradePools, test tokens built while developing Pools no longer include a creator-fee path back to Uniswap Labs. The firm said past and future creator fees now route to a programmatic buyback-and-burn mechanism, with the redirected fees released as ETH.

TradePools said claimants can access the released ETH by burning the corresponding token, which it described as removing the burned tokens from circulation. Adams did not name the affected tokens or disclose how much had accrued in creator fees.

In a separate discussion referenced by The Defiant, Uniswap’s Niko Kampouris responded to criticism of Uniswap’s launch fees, including a claim that the launch fee is 0.25% and that it is designed to deepen liquidity unless creator fees are enabled. Adams and TradePools did not provide an aggregate ETH amount, a burn quantity, a contract address, or a full list of affected test tokens, and Adams said the team is considering making the mechanism available to other deployers.

Latest closeEthereum $1,875.87 ▼0.3%

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