Uniswap Announces Proposal to Burn 100 Million UNI and Activate New Fee Mechanism – A Major Turning Point in Uniswap’s Development Era.
Uniswap Labs and the Uniswap Foundation have just attracted great attention in the cryptocurrency community when they simultaneously proposed implementing a protocol fee mechanism and burning 100 million UNI Token. This move is XEM an important turning point, opening a new development phase for the world's leading decentralized trading platform.
Chia to founder Hayden Adams, along with colleagues Devin Walsh and Kenneth Ng, the development team has submitted a new proposal to Uniswap's governance system, with the goal of aligning the interests of the protocol, investors, and the UNI Token holding community.
Specifically, the proposal includes a series of strategic improvements:
Hayden Adams emphasized that this is “a new stage of development for Uniswap”, when the platform does not stop at being a leading decentralized exchange, but also aims to become “a global market for tokenized assets”. The UNI burning mechanism is XEM the key to creating a closed value loop, ensuring long-term benefits for investors and strengthening Uniswap ’s competitive position in the increasingly fierce DeFi context.
