1 Billion UNI Tokens to be Burned, Uniswap 'Fee Switch Launch' Proposal Approved

BlockBeats News, December 26th, the Uniswap "Fee Switch Activation Proposal" final governance vote passed, and after a two-day timelock period, the Uniswap v2 and v3 fee switches will be activated on the Unichain mainnet, triggering UNI token burning. This proposal will burn 100 million UNI tokens from the Uniswap Foundation treasury and implement a Protocol Fee Discount Auction System to increase liquidity provider returns.