Activating protocol fees on Uniswap v4 pools could enhance UNI token value through increased burns, but may impact liquidity provider returns.
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Temp check would extend the fee switch to Uniswap’s newest architecture, drawing an early warning that the move “risks killing the protocol.” Uniswap Labs on July 7 proposed activating protocol fees on a subset of Uniswap v4 pools, extending the fee rollout that DAO voters approved under the UNIfication package to the exchange’s newest and most flexible pool architecture. The temperature check went to a five-day Snapshot vote running July 7-12, with an onchain vote scheduled to begin the week of July 13. Because Uniswap’s GovernorBravo contract caps proposals at 10 actions, Uniswap Labs said two onchain votes will be posted in parallel to cover all the chains involved. UNI is up 6.8% to $3.57 in the past 24 hrs, giving Uniswap a market capitalization of $2.2 billion, according to CoinGecko, while ETH is up almost 3%. The token remains down more than 90% from its May 2021 record of about $
The post Uniswap considers vote to expand UNIfication to v4 protocol fees appeared on BitcoinEthereumNews.com.
Uniswap Labs asked holders of the UNI token to approve protocol fees on a portion of Uniswap v4 pools for the next stage of the UNIfication burn program that already runs on 11 chains. The company will hold a snapshot vote that will run for five days beginning July 7 and closing July 12, with a binding on-chain vote to follow the week of July 13. How will Uniswap add v4 to UNIfication? Uniswap Labs opened a snapshot vote today, July 7, asking holders of the UNI token to add v4 pools to its fee and burn program that already runs on 11 chains, namely Ethereum, Arbitrum, Base, Celo, OP Mainnet, Soneium, X Layer, Worldchain, Zora, BNB Chain, and Polygon. The vote will run for five days, until July 12, with on-chain votes starting the week of July 13. When traders use Uniswap, they pay fees— some of which go to the protocol. To claim those fees, a searcher has to burn an equal va