The UNIfication fee switch proposal for Uniswap has been approved by vote, and 100 million UNI tokens from the foundation treasury will be burned.
Foresight News reported that the UNIfication fee switch proposal for Uniswap has been approved by vote. The proposal received 125,342,017 votes in favor and only 742 votes against. After the proposal is passed, there will be a two-day timelock period, after which the Uniswap v2 and v3 fee switches will be activated on the Unichain mainnet, triggering the burning of UNI tokens. This proposal will burn 100 millions UNI tokens from the Uniswap Foundation treasury and implement a protocol fee discount auction system to increase returns for liquidity providers.
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Data: 100 million UNI were transferred from Uniswap to a Dead Address, worth approximately $59.1 million.
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