ME News reports that on May 23 (UTC+8), Uniswap plans to extend its protocol fee buyback and burn mechanism for UNI to BNB Chain, Polygon, and Celo. The proposal utilizes the fast-track governance process approved by UNIfication, allowing fee parameter update proposals to bypass the RFC stage and proceed directly to a five-day snapshot phase, followed by on-chain voting. (Source: Foresight News)
Uniswap expands its protocol fee buyback and burn mechanism to BNB Chain, Polygon, and Celo.
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Summary
Uniswap is introducing a protocol update to extend its fee buyback and burn mechanism to BNB Chain, Polygon, and Celo. This move follows MetaEra and leverages the streamlined governance process from UNIfication. Proposals can now bypass the RFC stage and proceed directly to a five-day snapshot and on-chain vote. This on-chain development represents a significant step in UNI token management across multiple blockchains.
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