Overview
- Protocol fees would be activated for the first time, with a share of trading and Unichain revenues routed to an ongoing UNI burn mechanism.
- A one-time burn of about 100 million UNI from the treasury is proposed as a retroactive adjustment tied to fees that might have been burned since 2020.
- Governance and operations would be consolidated under a unified structure overseen by a five‑member board, while Uniswap Labs sets interface, wallet and API fees to zero.
- New market features include Protocol Fee Discount Auctions to internalize MEV and planned v4 “aggregator hooks” to collect fees from external liquidity sources.
- An annual 20 million UNI growth budget would begin in 2026, and UNI jumped more than 40% in the past day following the announcement, according to CoinGecko.