The Uniswap community has spoken clearly in favor of the long-awaited protocol reform. With over 62 million voting tokens cast since the voting began on December 20th, the required threshold of 40 million UNI has already been surpassed. The governance proposal called UNIfication is scheduled to be adopted later this week, when the vote concludes next Thursday.
What is UNIfication and why is it significant?
The fee regulation mechanism aims to fundamentally optimize Uniswap’s token economy. By activating a dynamic fee model, Uniswap tokens (UNI) will be systematically burned—a mechanism designed to strengthen the token’s supply and demand dynamics. This represents one of the most significant upgrades since the decentralized exchange was founded seven years ago.
The technical implementation takes shape
Hayden Adams, CEO of Uniswap Labs, announced that after the successful vote, a two-day security period will commence. During this time, the fee switches for Uniswap v2 and v3 will be activated on the Unichain mainnet. This implementation will trigger the automatic burning of additional UNI tokens, thereby enacting the protocol’s deflationary element.
Community governance as a test of strength
The high level of voting support underscores the community’s confidence in the planned direction. With significantly more than the required number of votes, a smooth governance process is expected. The Where-is-Community will play a central role in this decision, as the decentralized control of Uniswap is defined by its stakeholders.
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UNIfication voting exceeds quorum – Uniswap implements fee switch
The Uniswap community has spoken clearly in favor of the long-awaited protocol reform. With over 62 million voting tokens cast since the voting began on December 20th, the required threshold of 40 million UNI has already been surpassed. The governance proposal called UNIfication is scheduled to be adopted later this week, when the vote concludes next Thursday.
What is UNIfication and why is it significant?
The fee regulation mechanism aims to fundamentally optimize Uniswap’s token economy. By activating a dynamic fee model, Uniswap tokens (UNI) will be systematically burned—a mechanism designed to strengthen the token’s supply and demand dynamics. This represents one of the most significant upgrades since the decentralized exchange was founded seven years ago.
The technical implementation takes shape
Hayden Adams, CEO of Uniswap Labs, announced that after the successful vote, a two-day security period will commence. During this time, the fee switches for Uniswap v2 and v3 will be activated on the Unichain mainnet. This implementation will trigger the automatic burning of additional UNI tokens, thereby enacting the protocol’s deflationary element.
Community governance as a test of strength
The high level of voting support underscores the community’s confidence in the planned direction. With significantly more than the required number of votes, a smooth governance process is expected. The Where-is-Community will play a central role in this decision, as the decentralized control of Uniswap is defined by its stakeholders.