Uniswap внедряет революционную модель, обеспечивающую рост и сжигание токенов UNI Translation: Uniswap Implements Revolutionary Model Ensuring Growth and Burning of UNI Tokens

The vote on the UNIfication proposal concluded with an overwhelming support of 99.9%, as reported by Uniswap founder Hayden Adams.

Over 125 million UNI tokens were cast in favor of the initiative, while only 742 were against it.

UNIfication will activate the «fee switch,» redirecting a portion of trading fee revenues to benefit the protocol. Previously, these funds solely went to liquidity providers.

Revenue from the sequencer of the L2 network, Unichain, will also be channeled into a UNI burning mechanism, minus L1 costs and allocations to Optimism.

This effectively creates a «deflationary loop,» where increased usage of the protocol leads to a decrease in coin supply.

The initiative has entered a two-day waiting period. After that, Uniswap will burn 100 million UNI—an amount equivalent to the hypothetical fees that the protocol would have generated had the «fee switch» been operational since the asset’s launch.

The implementation of this project had been delayed for years due to the stringent stance of the SEC under Gary Gensler.

UNIfication also consolidates all operations: the team and responsibilities of Uniswap Foundation will transition to Uniswap Labs. There will no longer be interface fees, and an annual development budget will be established for wallets and API services, funded by UNI tokens.

«I believe the Uniswap protocol can become the primary platform for token trading. This proposal lays the groundwork for its growth over the next decade,» commented Adams.

The crypto community termed the approval of UNIfication a pivotal moment for DeFi. According to Mike Silagadze, CEO of ether.fi, a key trend will focus on revenues and other fundamental metrics of projects.

«Tokens with well-thought-out value capture mechanisms will significantly outperform others,» he stated.

In the last 24 hours, the price of UNI has risen by 2.9%. At the time of writing, the asset is trading at $5.9.

As a reminder, in November, Uniswap introduced the Continuous Clearing Auctions protocol for fair pricing in new token launches.