Overview
- On-chain voting began Dec. 20 and runs until Dec. 25, with about 34.1 million UNI cast in favor and near-zero against as the 40 million quorum approaches.
- The Unification proposal would activate protocol fees on Uniswap v2 and select v3 pools and route those fees into a programmatic UNI burn mechanism.
- The plan calls for a retroactive burn of 100 million UNI from the treasury to approximate fees that might have been collected historically.
- Package elements also formalize alignment among Uniswap Labs, the Uniswap Foundation, and on-chain governance, remove interface fees, and add auctions intended to internalize MEV and improve liquidity provider returns.
- UNI outperformed the broader market after the vote opened, with reports of roughly 11%–19% intraday gains and prices near $6.27 as traders priced potential value accrual.