Uniswap prepares “UNIfication” and activates new fee model on Unichain.
- Community voting could activate Uniswap protocol fees.
- UNI burning reduces supply and changes token dynamics.
- Unichain on the main network aims for greater return to the provider.
The long-awaited change to the Uniswap protocol's fee model, dubbed "UNIfication"It is on track to be approved and implemented this week. The governance proposal has already reached the minimum threshold of 40 million votes needed to trigger one of the most significant changes since the launch of the decentralized exchange in 2018."
On Monday morning, the tally already showed nearly 62 million votes in favor since voting opened on December 20. The vote is scheduled to close on Thursday, Christmas Day, consolidating a process that has been closely followed by decentralized finance (DeFi) participants and UNI token holders.
Uniswap Labs CEO Hayden Adams stated that, if approved, there will be a two-day lock-up period. After that, fees on versions 2 and 3 of Uniswap would be activated on the Unichain mainnet, directly affecting the token's mechanics, including the burning of more UNI units.
Related Stories
UNI rises 10% and Bitcoin Today holds the US$88–89 range on Sunday.
XRP ETFs total US$1,07 billion, surpassing the growth rate of BTC and ETH.
According to the proposal, the Uniswap Foundation will burn 100 million UNI tokens held in treasury. In addition, the plan includes implementing a discounted auction system for protocol fees, focused on increasing returns for liquidity providers and making the incentive structure more efficient.
Market analysts believe the change could improve the supply and demand dynamics of UNI, reinforcing its attractiveness as a long-term asset within the Uniswap ecosystem. Since the start of the voting, the token has appreciated by around 25% and had been trading near $6,08, after touching $4,88 at a seven-month low during a broader correction.
The topic had already affected prices in early November, when news of "UNIfication" helped UNI jump from around $7 to $9,70 on November 11. Uniswap remains the largest decentralized exchange in the industry, with over $4 trillion in processed volume since its launch.
Among the key supporters in the vote are Jesse Waldren (Variant), Kain Warwick (Infinex and Synthetix), and Ian Lapham, a former engineer at Uniswap Labs, reinforcing the bloc in favor of implementing the protocol's new fees.
