We know that MetaMask and other DEX swap service providers receive a small fee with each swap and Brave is trying to incentivize this process. They will be offering rebates equal to 20% of the user's swap transaction fees, in the form of BAT. Each month they will allocate up to 20% of the monthβs total Brave Swap fees to the Swap Rewards Program. They already have their wallet and this feature will be launched soon.
If you haven't checked their wallet, you can check here: brave://wallet/
Key points from this update will be:
- Rebate for 20% of the user's Swap transaction fees.
- People will be able to receive BAT in the native wallet. No need for Gemini or Uphold. This is good news for everyone since in many places Gemini isn't supported and people hate uphold, understandably. And some don't like CEX's at all. So a win-win for all.
- People can also receive their rewards on Gemini or Uphold wallets based on their choice.
For people wondering how profitable it can be: MetaMask makes $100,000 a day with the swap fee, so $3,000,000 a month. It will have a new competitor, let us see how well Brave does.
Source: Brave Blog
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