As per Coinotag, the Uniswap UNI token surged over 38% following the announcement of the UNIfication proposal by the Uniswap Foundation and Labs. The proposal introduces a fee switch and token burning mechanism, aiming to burn 100 million UNI tokens—about 16% of the circulating supply—and redirect Unichain fees to strengthen supply dynamics and investor appeal. The initiative also includes Protocol Fee Discount Auctions to improve liquidity provider returns and a 20 million UNI Growth Budget to fund DeFi innovation.
UNI Token Surges 38% After Uniswap Proposes Fee Burns and Treasury Reforms
CoinotagShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.