Uniswap founder Hayden Adams said on social media that protocol fees have been activated and UNI is now being burned. At the same time, three governance proposals are being voted on. They cover fees on Robinhood Chain for v2 and v3, fees for v4, and fee cleanup for cross-chain bridges tied to X Layer, Avalanche, MegaETH, and Soneium. Uniswap, created by Adams in 2018, is one of the largest decentralized trading protocols on Ethereum. Its protocol fee mechanism allows part of trading fees to be used for UNI buybacks and burns, a structure designed to support the token’s economics through deflation.
Protocol fees are now live on Uniswap
According to Techub News, Uniswap founder Hayden Adams said on social media that Uniswap protocol fees have been enabled and UNI is being burned.
Three governance proposals are under vote
Three governance proposals are currently being voted on. They include Robinhood Chain fees for v2 and v3, v4 fees, and cross-chain bridge fee cleanup involving X Layer, Avalanche, MegaETH, and Soneium.
Uniswap was created by Hayden Adams in 2018 and is one of the largest decentralized trading protocols on Ethereum. Its protocol fee model allows a portion of trading fees to be used for UNI buybacks and burns, with the stated aim of supporting the token economy through a deflationary mechanism.
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