Recently, the founder of Uniswap and the CEO of Aerodrome engaged in a heated discussion about the LP fee revenue structure, each side holding their own stance.

This conversation is quite interesting and reflects the competition between different approaches in the DEX space. As a leading liquidity protocol, Uniswap indeed has a mature model for fee distribution mechanisms. Meanwhile, as a newcomer, Aerodrome is experimenting with different incentive schemes to attract liquidity providers.

From a market perspective, this kind of competition in the LP ecosystem may not necessarily be a bad thing—different fee models give liquidity providers more options. Ultimately, which model can attract more capital depends on the data. The market will soon reveal how the two protocols perform.