#Uniswap费用机制升级 Seeing this wave of Uniswap operations, I am reminded of a detail that many investors overlook in trading—the fees.

This time, they set application and API interface fees to zero, while burning 100 million UNI tokens and implementing a fee discount auction to increase liquidity provider rewards. On the surface, it appears to be an ecosystem optimization, but what I want to emphasize more is: changes in fee mechanisms often reflect the platform's consideration of long-term ecosystem health.

In my investment experience, many people are easily blinded by messages like "fee reduction," which can actually lead to increased trading frequency. In fact, the truly prudent approach is quite the opposite—fee optimization should give us the opportunity to allocate assets more rationally, rather than using it as an excuse to trade more.

No matter how fees are adjusted, I always adhere to a few principles:
First, be clear about the cost of each trade (including implicit costs) and keep it in mind;
Second, do not change your original investment plan just because of fee discounts;
Third, always remember that if the savings from lower fees are lost due to overtrading, it’s not worth it.

Any protocol upgrade is a neutral tool; the key still lies in the user’s mindset and discipline. Maintaining restraint in position management is more valuable than chasing after any new mechanism.