tldr; The Uniswap protocol fee switch, known as ‘UNIfication,’ is set to pass with over 62 million votes in favor, surpassing the required 40 million. The upgrade will activate fee switches on Uniswap v2 and v3, burn 100 million UNI tokens, and implement a Protocol Fee Discount Auctions system to enhance liquidity provider returns. These changes aim to improve UNI token dynamics and appeal. UNI’s price has risen 25% since voting began, and the proposal has strong support from key crypto figures. The Uniswap Foundation will continue supporting builders with a Growth Budget of 20 million UNI tokens.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; The Uniswap protocol fee switch, known as ‘UNIfication,’ is set to pass with over 62 million votes in favor, surpassing the required 40 million. The upgrade will activate fee switches on Uniswap v2 and v3, burn 100 million UNI tokens, and implement a Protocol Fee Discount Auctions system to enhance liquidity provider returns. These changes aim to improve UNI token dynamics and appeal. UNI’s price has risen 25% since voting began, and the proposal has strong support from key crypto figures. The Uniswap Foundation will continue supporting builders with a Growth Budget of 20 million UNI tokens.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.