Overview
- Tokenholders approved the package with 125,342,017 votes in favor versus 742 against, clearing the 40 million quorum by a wide margin.
- On-chain execution has begun, enabling protocol fees on Uniswap v2 and selected v3 pools on Ethereum; v2 routes 0.05% of volume to the protocol while v3 takes 25% of LP fees on 0.01% and 0.05% tiers and 16.7% on 0.30% and 1% tiers.
- Protocol fees and net Unichain sequencer revenue now flow into the TokenJar/Firepit burn system, converting usage into automatic UNI destruction.
- Uniswap Labs is turning off interface, wallet, and API fees, with governance approving a separate 40 million UNI, two‑year vesting budget to fund protocol-focused development.
- UNI traded around $5.90–$6.05 after the vote as attention shifts to realized fee flows, liquidity provider behavior, and follow-up governance on incentives and pool parameters.