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Uniswap Proposes Multi-Chain Fee Sharing, Could Double UNI Holder Rewards

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Uniswap’s community is voting on a protocol update to enable fee sharing across eight blockchains, including Base, Arbitrum, and OP Mainnet. The proposal would allocate at least one-sixth of transaction fees to a “token jar” for UNI holders. This on-chain update also includes expansion to remaining Ethereum V3 pools, which could double the $3.3 million in income generated since late last year. UNI has risen approximately 9% over the past week, outperforming both Bitcoin and Ethereum.

PANews, February 28: According to DL News, the Uniswap community has launched a final vote on activating the protocol fee switch on eight blockchains: Base, Arbitrum, OP Mainnet, World Chain, X Layer, Celo, Soneium, and Zora. The proposal aims to redirect at least one-sixth of transaction fees from these networks away from liquidity providers and into a "token jar," where holders can claim equivalent UNI tokens for destruction. Since the fee split was activated on Ethereum mainnet v2 and select v3 pools at the end of last year, approximately $3.3 million in revenue has been generated. This proposal also plans to extend coverage to the remaining Ethereum v3 pools, potentially doubling related revenues. Since the vote began, UNI has risen about 9% over the past seven days, outperforming Bitcoin and Ethereum, which declined during the same period. The two final votes will conclude on March 4.

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