In a decisive governance outcome, the Uniswap community approved the Fee Switch Activation proposal, signaling a shift in the protocol’s revenue mechanics. The final vote confirmed the measure after a formal process, underscoring on-chain governance and the discipline surrounding the Uniswap Foundation treasury.
Upon a two-day timelock, activation will occur on the Unichain mainnet, triggering the UNI burn from the Uniswap Foundation treasury. The plan calls for burning 100 million UNI tokens and introducing a protocol fee discount auction to bolster liquidity provider returns.
Industry watchers will evaluate the implications for tokenomics, liquidity provisioning, and governance credibility as the proposal moves from approval to live deployment.
Source: https://en.coinotag.com/breakingnews/uniswap-fee-switch-activated-on-unichain-mainnet-100-million-uni-burn-and-protocol-fee-discount-auction-to-boost-lp-returns
