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x402
$UNI Governance Approves Fee Switch and 100M #Token Burn
#Uniswap governance has passed the UNIfication proposal with 99.9% support, marking a fundamental shift in the protocol's economics toward deflationary tokenomics. More than 125 million tokens were cast in favor compared to just 742 against when voting concluded Thursday.
Uniswap Founder Hayden Adams confirmed the results on X, noting the overwhelming consensus for the proposal jointly introduced by Uniswap Labs and Uniswap Foundation in November. The initiative activates the long-anticipated protocol fee switch that redirects trading fees to #token burns.
The mechanism shifts a portion of trading fees previously allocated entirely to liquidity providers directly to the protocol for burning $UNI tokens. Net sequencer fees from Unichain will also route into the burn system, creating a deflationary loop where protocol usage growth reduces #UNI supply.
