Citing Odaily, the UNIfication proposal to enable protocol fee switches on Uniswap v2 and v3 has passed the 40 million UNI vote threshold and is expected to take effect later this week. As of Monday morning, nearly 62 million votes in favor had been cast, with voting set to end on December 25. Uniswap Labs CEO Hayden Adams stated that after the vote, a two-day timelock period will begin, during which the fee switches will activate on Unichain mainnet and trigger UNI token burns. The proposal includes burning 100 million UNI tokens from the Uniswap Foundation treasury and implementing a protocol fee discount auction system to boost liquidity provider returns. Following the vote, UNI rose approximately 25%, reaching $6.18.
Uniswap Fee Switch Proposal Passes Threshold, Set to Activate This Week
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Summary
Uniswap’s protocol fee switch proposal has passed the 40 million UNI vote threshold and is set to activate this week. As of Monday morning, over 62 million votes supported the plan, with voting closing on December 25. A two-day timelock will begin after the vote, during which the protocol fee switches will go live on Unichain mainnet. The proposal includes burning 100 million UNI tokens and introducing a fee discount auction system. Following the vote, UNI rose about 25% to $6.18.
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