According to Bijié Wǎng, Uniswap, the leading decentralized exchange (DEX) by trading volume, has proposed a unified mechanism to distribute protocol fees to token holders. The proposal, jointly put forward by Uniswap Labs and the Uniswap Foundation, aims to activate the fee-sharing mechanism, which has been in development since 2022. Following the proposal, UNI surged over 10% and traded above $7 for the first time since October 10, reaching $7.60. The price had previously dropped to a low of $4.95 less than a week ago. The proposal outlines a long-term model where protocol usage drives UNI token destruction and rewards, aligning incentives across the Uniswap ecosystem. Uniswap remains one of the highest-earning DeFi protocols, with annualized fee revenue nearing $3 billion, according to DeFiLlama. However, the delayed implementation has frustrated UNI holders.
Uniswap Proposes Fee Distribution Mechanism, UNI Surges Over 10%
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