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The Uniswap Foundation and Uniswap Labs have introduced a proposal to make the UNI
$8.80
token more rewarding for holders.
The plan, called UNIfication, includes several updates to how the protocol handles fees and rewards.
One key change would introduce a system that uses a portion of protocol fees to burn UNI tokens. This would reduce the overall supply and could increase the token’s value over time.
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Another part of the plan proposes a new auction system designed to improve earnings for liquidity providers.
As part of this proposal, the Foundation also aims to remove 100 million UNI from its treasury, about 16% of the circulating supply.
Revenue from Unichain, Uniswap’s Ethereum
$3,596.05
Layer-2 network, would also contribute to the burn system. Unichain has generated roughly $7.5 million in annualized fees, which would be directed toward token burns.
In a joint statement, the Uniswap Foundation said:
We believe this proposal positions the Uniswap Protocol to win as the default decentralized exchange for tokenized value.
Alongside these token changes, the Foundation emphasized that supporting developers and growing the ecosystem remain a main goal.
To do this, it plans to create a Growth Budget of 20 million UNI. The funds would go toward grants and projects that help improve the protocol and expand decentralized finance tools.
On October 16, Uniswap updated its web platform to include support for the Solana
$164.58
blockchain. What led to the decision? Read the full story.
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