tldr; Uniswap leadership has proposed activating a ‚fee switch‘ to redirect a portion of protocol revenue to burn UNI tokens, potentially increasing their value. The proposal includes burning $800 million worth of tokens and disbanding the Uniswap Foundation, transferring its responsibilities to Uniswap Labs. The fee switch would apply to Uniswap v2 and v3 pools, with future votes for v4 and other blockchains. The move aims to tie UNI’s value to the protocol’s success, sparking a 29% rise in UNI’s value.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
flicman on
lol yeah
ComplexWrangler1346 on
Wow
GreedVault on
Long overdue, finally, they are doing something.
Sandharbor on
A few other protocols have done this recently too. Wonder if this will be the new trend, burning protocol fees becoming deflationary to reward token holders. Will be interesting to see how it’ll work for projects that are fully circulating and truly deflationary.
mrestiaux on
How come I never own the ones that soar…
kingscrown69 on
this is huge, im stacking UNI
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tldr; Uniswap leadership has proposed activating a ‚fee switch‘ to redirect a portion of protocol revenue to burn UNI tokens, potentially increasing their value. The proposal includes burning $800 million worth of tokens and disbanding the Uniswap Foundation, transferring its responsibilities to Uniswap Labs. The fee switch would apply to Uniswap v2 and v3 pools, with future votes for v4 and other blockchains. The move aims to tie UNI’s value to the protocol’s success, sparking a 29% rise in UNI’s value.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
lol yeah
Wow
Long overdue, finally, they are doing something.
A few other protocols have done this recently too. Wonder if this will be the new trend, burning protocol fees becoming deflationary to reward token holders. Will be interesting to see how it’ll work for projects that are fully circulating and truly deflationary.
How come I never own the ones that soar…
this is huge, im stacking UNI