morpho curator fees went from $10k/week to $200k/week in 12 months. apollo buying 9% governance isn't about yield farming. $733b credit manager wants to route their own private credit deals through the protocol and capture the fee switch when it goes live. they're not investing in defi. they're trying to own the rails. ...

🔍 @Uniswap proposed fee switch and $UNI initially pumped 43% to $10.05But what's really in the proposal? 👇1/ Retroactive Burn10% Treasury $UNI (100M) burn from the beginning2/ Fee Switch -> $UNI Burn> V2: 0.25% LP; 0.05% Protocol> V3:> 0.01% and 0.05%: 1/4 of LP fees;> 0.30% and 1%: 1/6 of LP fees> 100% Unichain Sequencer Fees Burn (~$7.5M Annualized Before L1 data costs and 15% to Optimism)> Aggregator Hook Fees for V4 Pools4/ Protocol Fee Discount Auction (PFDA)> Bidders auction the right to 0 fee swaps f ...

uni govenance will pass a fee switch by end of september.v4 hooks make LPs stickier, labs just made $50m while holders got zero, and smart money is stacking $182m worth.0.15% protocol fee to stakers incoming. delay means losing flow to fee sharing competitors. ...