September 23｜UNI excitement heats up, Arc fee switch still on the road to governance
Last week, Uniswap同步 deployed v2, v3, v4 and UniswapX on Circle’s Arc mainnet. Today, what’s worth understanding isn’t just another added chain—it’s that the community is voting on whether to include Arc in the protocol fee and UNI burn system.
This temperature check’s Snapshot window runs from September 18 to 23. If it passes, further on-chain voting would be required to enable the corresponding fee mechanisms on Arc’s v2, v3, and v4. The path already running on other chains is: protocol fees go into the TokenJar, external executors pay out UNI to claim the assets there, and the corresponding UNI is then burned.
Arc uses Wormhole NTT to synthesize UNI on Arc with native UNI on Ethereum. Cross-chain messages map Arc burn events back to the mainnet. The mechanism ties fees to token supply, but it does not equal automatic buybacks, nor does it guarantee value increases.
The boundaries are clear: the proposal has not been executed yet, and some Arc fee contract addresses still need to be filled in. Future burn scale will depend on Arc’s real transaction volume, protocol revenue, and the stability of the cross-chain infrastructure. Neither the hype nor governance progress implies guaranteed returns.
$UNI #UNI
For information purposes only and does not constitute investment advice.
Last week, Uniswap同步 deployed v2, v3, v4 and UniswapX on Circle’s Arc mainnet. Today, what’s worth understanding isn’t just another added chain—it’s that the community is voting on whether to include Arc in the protocol fee and UNI burn system.
This temperature check’s Snapshot window runs from September 18 to 23. If it passes, further on-chain voting would be required to enable the corresponding fee mechanisms on Arc’s v2, v3, and v4. The path already running on other chains is: protocol fees go into the TokenJar, external executors pay out UNI to claim the assets there, and the corresponding UNI is then burned.
Arc uses Wormhole NTT to synthesize UNI on Arc with native UNI on Ethereum. Cross-chain messages map Arc burn events back to the mainnet. The mechanism ties fees to token supply, but it does not equal automatic buybacks, nor does it guarantee value increases.
The boundaries are clear: the proposal has not been executed yet, and some Arc fee contract addresses still need to be filled in. Future burn scale will depend on Arc’s real transaction volume, protocol revenue, and the stability of the cross-chain infrastructure. Neither the hype nor governance progress implies guaranteed returns.
$UNI #UNI
For information purposes only and does not constitute investment advice.