Crypto
Uniswap Unveils Dynamic Fee Hook for Stablecoins on Ethereum Mainnet
Uniswap Labs has launched its StablePair Hook on Ethereum mainnet, initially supporting USDC/USDG and USDC/USDT pools. The feature changes fees in response to how far a pool price has moved from its configured reference rate and whether a trade helps move it back.
The Uniswap v4 feature is designed to make the price and direction of deviations between stablecoins part of the fee calculation, rather than applying one static fee irrespective of market conditions.
According to Uniswap Labs, stablecoin-to-stablecoin swaps on the platform reached $43.4 billion in the second quarter, exceeding the combined volume of the next three onchain venues.