Dragonfly Partner: Uniswap's valuation is 240 times its annualized fees after it enabled fee controls, and it may lose $100 million this year.
TL;DR
Dragonfly partner Omar Kanji reports that after enabling fee controls, Uniswap's valuation is 240 times its annualized fees, and it may incur a $100 million loss this year due to appropriation expenses.
Tags
[Dragonfly Partner: Uniswap's Valuation is 240 Times Annualized Fees After Activating Fee Switch, Potentially Losing $100 Million This Year] According to Mars Finance, on January 7th, Dragonfly partner Omar Kanji stated, "After activating the fee switch, Uniswap's current valuation is approximately 240 times annualized fees ($5.4 billion FDV / $23 million annualized fees). Further considering the appropriation expenditure of 20 million UNI this year (approximately $123 million at the current price of $6.16), the protocol is expected to record a loss of approximately $100 million this year."