A latest vote on the UNIfication proposal, which started on December 20 and ends on December 25, has cleared the required threshold to take impact this week.
The choice will activate the protocol payment swap for Uniswap
$6.00
variations 2 and 3 on the Unichain mainnet, in response to a submit on X from CEO Hyaden Adams. A two-day time lock will comply with earlier than the change goes dwell.
As soon as activated, the plan requires the burning of 100 million UNI tokens from the Uniswap Basis’s treasury. Moreover, a Protocol Price Low cost Auctions characteristic will probably be added to lift liquidity supplier returns.
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Uniswap’s platform has facilitated over $4 trillion in buying and selling quantity since launching in November 2018. As of now, UNI ranks thirty ninth by market capitalization at roughly $3.8 billion.
The proposal has notable supporters, together with Jesse Waldren of Variant, Kain Warwick of Infinex and Synthetix, and former Uniswap Labs engineer Ian Lapham. Opposition stays minimal, with solely 741 votes towards and round 1.5 million abstentions.
The Uniswap Basis reassured that supporting builders stays a precedence. A Development Funds of 20 million UNI tokens will probably be put aside to fund future growth.
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