PANews, May 23: Hayden Adams, founder of Uniswap, posted that the Uniswap protocol fee mechanism is currently live on nine blockchains and is designed to burn UNI. The Uniswap Foundation has initiated a new proposal to extend the fee mechanism from V2 and V3 to BNB Chain, Polygon, and Celo. This move will further increase UNI burn volume and reduce the total supply of UNI.
Uniswap Foundation Proposes Expanding Fee Mechanism to BNB Chain, Polygon, and Celo
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Summary
According to on-chain news, the Uniswap Foundation proposes expanding its fee mechanism to BNB Chain, Polygon, and Celo. The current mechanism, active on nine blockchains, burns UNI tokens. The new proposal includes V2 and V3 fee models, aiming to increase UNI token burn rates and reduce the total supply. This move could influence new token listings as more chains adopt the protocol’s structure.
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