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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In a recent announcement, Uniswap Labs is urging UNI tokenholders to participate in a vote integral to its “UNIfication” burn initiative, aiming to introduce protocol fees across selected Uniswap v4 liquidity pools. Launched on July 7, the voting is open until July 12. Continue Reading:Uniswap’s Bold Move: Introducing Protocol Fees in v4 Pools Source: https://en.bitcoinhaber.net/uniswaps-bold-move-introducing-protocol-fees-in-v4-pools
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