PancakeSwap to reimburse interface fees for Uniswap users

PancakeSwap has launched a campaign to refund investors for the interface fees its rival Uniswap incurred from May 16 to August 15.

The startup promises to refund investors who match trading volume on Uniswap v3 with PancakeSwap v3 at a 1:1 ratio.

The refund offer follows Uniswap Labs’ decision in April to increase the interface fee on most exchanges from 0.15% to 0.25%. Interface fees apply when traders use Uniswap’s wallet interface and web application to execute token swaps.

Commenting on the strategy, PancakeSwap president Mochi said: “As a leading multi-chain DEX, we are here to provide a straightforward solution as this campaign promises lower fees, better prices and refunds for excess fees paid on other platforms.”

To be eligible for a refund, investors must have made transactions involving at least $5,000 in Wrapped Bitcoin (WBTC) or Wrapped Ether (WETH) on Uniswap’s Ethereum platform between January 1 and March 31. Investors can verify their eligibility through PancakeSwap’s Dune dashboard. and they must submit a form to request a refund.

The campaign is part of PancakeSwap’s broader effort to capture a larger market share. According to data from CoinGecko, PancakeSwap currently ranks as the fifth largest decentralized exchange by daily trading volumes, falling behind Uniswap v3, which surpasses PancakeSwap’s volume by over $700 million.