‘Vote before Christmas or end up on Santa’s naughty list’: Uniswap founder submits UNIfication proposal for final governance decision

Uniswap founder Hayden Adams has initiated the final governance vote for the long-anticipated UNIfication proposal, urging delegates to vote between December 19th and 25th. This proposal seeks to implement a significant shift by activating protocol fee switches on Uniswap v2 and v3, diverting a portion of trading fees to the protocol rather than solely to liquidity providers. This move follows years of hesitation due to a hostile regulatory environment, which Adams believes has now changed. If approved, the plan includes an immediate retroactive burn of 100 million UNI from the treasury, activation of fee switches on Ethereum mainnet (with gradual rollout starting with v2 and major v3 pools), and routing Unichain sequencer fees into the UNI burn mechanism. Furthermore, the proposal formalizes the relationship between Uniswap Labs and governance through a legally binding services agreement in Wyoming, eliminates fees charged by Labs for its interface and API, and establishes an annual growth budget of 20 million UNI funded from the treasury starting in 2026. The news caused UNI's price to rise approximately 7.5%.

(Source：The Block)