Uniswap Protocol Community Activates Final Vote for Fee Switching

The Uniswap Protocol community has begun its final voting process to implement a new fee structure across multiple blockchain networks.

The proposed change, which involves diverting at least one-sixth of trading fees from liquidity providers, is expected to generate significant revenue for UNI holders through the burning of equivalent UNI tokens.

The initiative has already been successfully implemented on Ethereum mainnet v2 and partially on v3 pools since late last year, resulting in approximately $3.3 million in revenue generated so far.