Uniswap founder Hayden Adams has officially submitted the UNIfication proposal for the final governance vote, taking place from 12/19 to 12/25. This is considered a significant milestone for the Uniswap protocol, especially related to activating the protocol’s fee mechanism – a topic discussed for many years.
If approved, Uniswap will implement the “fee switch,” allowing a portion of transaction fees to be transferred from liquidity providers to the protocol, thereby creating direct value for UNI holders. The proposal includes a retroactive burn of 100 million UNI from the treasury, activation of protocol fees on Uniswap v2 and v3 on Ethereum, and incorporating Unichain’s sequencer fee into the UNI burn mechanism.
The implementation will be carried out gradually to minimize disruptions. Additionally, the proposal restructures the governance model to strengthen the connection between Uniswap Labs and the UNI community. Following this news, the price of UNI has increased by approximately 7.5%, reflecting positive market sentiment.
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The Unification proposal is put to a final vote, paving the way for Uniswap's fee mechanism.
Uniswap founder Hayden Adams has officially submitted the UNIfication proposal for the final governance vote, taking place from 12/19 to 12/25. This is considered a significant milestone for the Uniswap protocol, especially related to activating the protocol’s fee mechanism – a topic discussed for many years.
If approved, Uniswap will implement the “fee switch,” allowing a portion of transaction fees to be transferred from liquidity providers to the protocol, thereby creating direct value for UNI holders. The proposal includes a retroactive burn of 100 million UNI from the treasury, activation of protocol fees on Uniswap v2 and v3 on Ethereum, and incorporating Unichain’s sequencer fee into the UNI burn mechanism.
The implementation will be carried out gradually to minimize disruptions. Additionally, the proposal restructures the governance model to strengthen the connection between Uniswap Labs and the UNI community. Following this news, the price of UNI has increased by approximately 7.5%, reflecting positive market sentiment.