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UNISWAP’S SECRET WEAPON Uniswap Labs’ Latest Layer 2 Scheme Will Make You Richer Than Ever… Or So They Say

Crypto NewsDeFiEthereum Doug Martinez October 15, 2024

Illustration: An illustration of a split-screen, with Ethereum's blockchain being drained by $368 million flowing into an empty vault labeled 'Unichain', while the other side shows Vitalik Buterin looking concerned and holding his head in frustration. In the background, Uniswap Labs' logo is visible alongside a massive pile of money.

New layer 2 blockchain doesn’t mean new money, folks – more like a fancy way to keep the same old scams alive and well.

Source: cointelegraph

Uniswap Labs, UNI holders could make $468M a year from new L2: DeFi Report
https://cointelegraph.com/news/uniswap-l2-could-make-uniswap-labs-uni-holders-368-million-yearly
Uniswap’s new layer 2 blockchain Unichain could be a boon for creator Uniswap Labs and holders of the project’s token, potentially earning them close to $500 million a year from fees that would’ve otherwise been paid to the Ethereum network.  Unichain’s launch would see $368 million previously paid to Ethereum validators in the last year put directly into the hands of Uniswap Labs and likely Uniswap (UNI) tokenholders, DeFi Report […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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