The Uniswap protocol fee switch proposal was overwhelmingly approved by UNIFICATION.
AI Summary1 min read
TL;DR
The Uniswap protocol fee switch proposal, UNIfication, passed overwhelmingly with 125 million UNI tokens in favor. After a lock-up, Uniswap Labs will burn 100 million UNI tokens and activate fee mechanisms on Ethereum, starting UNI and Unichain fee burns.
Tags
UniswapDecentralized Exchange (DEX) TokenDeFiAMMUNI tokenprotocol feeEthereumblockchain governance
[Uniswap Protocol Fee Switch Proposal UNIfication Passes by an Overwhelming Margin] Mars Finance reports that the Uniswap protocol fee switch proposal UNIfication has passed by an overwhelming margin. The voting results show approximately 125 million UNI tokens in favor and 742 against. After a two-day lock-up period, Uniswap Labs will burn 100 million UNI tokens and enable the v2 and v3 fee switch mechanism on the Ethereum mainnet, beginning the burning of UNI and Unichain fees.