Uniswap news: UNI Surges after voting opens on proposal to turn on protocol fees
CoinDesk
UNI tokens surged nearly 19% after governance voting began on the 'Unification' proposal to activate protocol fees and burn mechanisms.Summary
The Uniswap (UNI) token rallied approximately 19% in 24 hours as on-chain voting commenced for the "Unification" governance proposal. This major proposal aims to activate protocol fees across Uniswap v2 and select v3 pools, routing these fees into a mechanism that burns UNI tokens. It also includes a retroactive burn of 100 million UNI from the treasury. Furthermore, the plan seeks to align Uniswap Labs, the Foundation, and governance, with Labs focusing on development while removing fees from its interface. The market reacted positively to the start of the formal voting process, despite previous fee activation efforts stalling due to disagreements and regulatory uncertainty.
(Source：CoinDesk)