The UNIfication proposal passed the governance vote with an overwhelming result of 125 million votes in favor and 742 votes against.
The proposal includes: activating the protocol fee switch, directing a portion of transaction fees towards the UNI token burn mechanism, and retroactively burning 100 million UNI from the treasury (currently valued at over $590 million).
Uniswap's daily trading volume is approximately $2 billion, with annual fee revenue of $600 million, which previously all went to LPs. Can this be salvaged...
The proposal includes: activating the protocol fee switch, directing a portion of transaction fees towards the UNI token burn mechanism, and retroactively burning 100 million UNI from the treasury (currently valued at over $590 million).
Uniswap's daily trading volume is approximately $2 billion, with annual fee revenue of $600 million, which previously all went to LPs. Can this be salvaged...