Uniswap Community Passes UNIfication Proposal With Strong Backing
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- Uniswap governance approved the UNIfication proposal with 99.9% support.
- The vote activates the protocol fee switch, routing trading fees to ongoing UNI burns.
- A one-time burn of 100 million UNI will execute after a two-day timelock.
Uniswap governance has approved the UNIfication proposal, pushing the protocol into a new economic phase. Voting closed on Thursday with 99.9% support, according to Hayden Adams. More than 125 million UNI voted in favor, with just 742 tokens against, far above the required quorum.
The proposal was introduced in November by Uniswap Labs and the Uniswap Foundation. It represents the most significant governance change in Uniswap’s history.
Voting has concluded on Unification
125,342,017 YES
742 NO
Unified, true to the name
After a ~2day vote timelock, 100m UNI will be burned, fee switches will be flipped, labs will turn off frontend f…
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