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Ah, the Uniswap fee switch, or as the cool kids call it, “UNIfication,” has reached the magical number of 40 million votes. 🎉 That’s right, folks, democracy in the crypto world is alive and kicking, albeit with a few extra zeros on the vote count. This little upgrade is set to flip on later this week, marking one of the biggest moments in the decentralized exchange’s seven-year history. And by “biggest,” we mean “most likely to make people talk about it while sipping artisanal pumpkin spice lattes.”
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As of Monday morning, nearly 62 million votes had been cast in favor of UNIfication. That’s a lot of clicks for democracy! 🖱️ Voting opened on December 20 and will close on Christmas Day, because nothing says holiday cheer like burning crypto tokens and flipping switches on a blockchain. 🎄 Uniswap Labs CEO Hayden Adams described the post-vote process as a two-day timelock period, during which Uniswap v2 and v3 fee switches will flicker on like a badly wired Christmas tree on the Unichain mainnet. And yes, more UNI tokens will be burned. 🔥
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The proposal includes burning 100 million UNI tokens from the Uniswap Foundation’s treasury. That’s like lighting a bonfire with Monopoly money, except it’s real money. 💸 Additionally, a Protocol Fee Discount Auctions system will be implemented to increase liquidity provider returns. Because, apparently, crypto isn’t complicated enough already. 🤓
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The changes are expected to improve the supply-demand dynamics of the UNI token, making it more appealing to hold in the long term. 🚀 Since voting opened, UNI has gained around 25% and is currently trading at $6.08. It’s like watching a phoenix rise from the ashes, except the ashes are coins and the phoenix is… also coins. 🔥
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Oh, and here’s a picture of UNI doing UNI things: 
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News of the UNIfication proposal in early November spurred a near 40% rally in the UNI token, taking it from $7 to $9.70 on November 11. That’s the kind of rally that makes Wall Street brokers scratch their heads and mutter, “What even is blockchain?” 🤷\u200d♂️
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Uniswap, the largest decentralized exchange, has processed more than $4 trillion in trading volume since launching in November 2018. According to CoinGecko, UNI is the 39th largest token by market cap at $3.8 billion. That’s a lot of zeroes for something most people still can’t explain at Thanksgiving dinner. 🦃
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Big Names Back UNIfication Proposal
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Several crypto heavyweights have thrown their weight behind the proposal, including Jesse Waldren, founder of Variant, Kain Warwick, founder of Infinex and Synthetix, and Ian Lapham, a former Uniswap Labs engineer. These are the kind of people who probably have NFTs of their own tweets. 🐦
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Only 741 votes (about 0.001%) have opposed the proposal so far, while a little over 1.5 million votes have abstained. Because, let’s face it, abstaining is the crypto equivalent of shrugging and saying, “Eh, it’s probably fine.” 🤷\u200d♀️
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And here’s another picture because why not: 
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Uniswap Will Still Prioritize Protocol Development
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The Uniswap Foundation has assured builders that issuing grants to improve protocol development and growth will continue. Supporting builders remains a priority, which is nice because building things is generally a good idea. 🛠️
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The Foundation plans to create a Growth Budget, distributing 20 million UNI tokens. That’s like Robin Hood, but instead of robbing the rich to feed the poor, it’s burning tokens to feed the ecosystem. 🌱
\n
Ah, the Uniswap fee switch, or as the cool kids call it, “UNIfication,” has reached the magical number of 40 million votes. 🎉 That’s right, folks, democracy in the crypto world is alive and kicking, albeit with a few extra zeros on the vote count. This little upgrade is set to flip on later this week, marking one of the biggest moments in the decentralized exchange’s seven-year history. And by “biggest,” we mean “most likely to make people talk about it while sipping artisanal pumpkin spice lattes.”
As of Monday morning, nearly 62 million votes had been cast in favor of UNIfication. That’s a lot of clicks for democracy! 🖱️ Voting opened on December 20 and will close on Christmas Day, because nothing says holiday cheer like burning crypto tokens and flipping switches on a blockchain. 🎄 Uniswap Labs CEO Hayden Adams described the post-vote process as a two-day timelock period, during which Uniswap v2 and v3 fee switches will flicker on like a badly wired Christmas tree on the Unichain mainnet. And yes, more UNI tokens will be burned. 🔥
The proposal includes burning 100 million UNI tokens from the Uniswap Foundation’s treasury. That’s like lighting a bonfire with Monopoly money, except it’s real money. 💸 Additionally, a Protocol Fee Discount Auctions system will be implemented to increase liquidity provider returns. Because, apparently, crypto isn’t complicated enough already. 🤓
The changes are expected to improve the supply-demand dynamics of the UNI token, making it more appealing to hold in the long term. 🚀 Since voting opened, UNI has gained around 25% and is currently trading at $6.08. It’s like watching a phoenix rise from the ashes, except the ashes are coins and the phoenix is… also coins. 🔥
Oh, and here’s a picture of UNI doing UNI things:
News of the UNIfication proposal in early November spurred a near 40% rally in the UNI token, taking it from $7 to $9.70 on November 11. That’s the kind of rally that makes Wall Street brokers scratch their heads and mutter, “What even is blockchain?” 🤷♂️
Uniswap, the largest decentralized exchange, has processed more than $4 trillion in trading volume since launching in November 2018. According to CoinGecko, UNI is the 39th largest token by market cap at $3.8 billion. That’s a lot of zeroes for something most people still can’t explain at Thanksgiving dinner. 🦃
Big Names Back UNIfication Proposal
Several crypto heavyweights have thrown their weight behind the proposal, including Jesse Waldren, founder of Variant, Kain Warwick, founder of Infinex and Synthetix, and Ian Lapham, a former Uniswap Labs engineer. These are the kind of people who probably have NFTs of their own tweets. 🐦
Only 741 votes (about 0.001%) have opposed the proposal so far, while a little over 1.5 million votes have abstained. Because, let’s face it, abstaining is the crypto equivalent of shrugging and saying, “Eh, it’s probably fine.” 🤷♀️
And here’s another picture because why not:
Uniswap Will Still Prioritize Protocol Development
The Uniswap Foundation has assured builders that issuing grants to improve protocol development and growth will continue. Supporting builders remains a priority, which is nice because building things is generally a good idea. 🛠️
The Foundation plans to create a Growth Budget, distributing 20 million UNI tokens. That’s like Robin Hood, but instead of robbing the rich to feed the poor, it’s burning tokens to feed the ecosystem. 🌱
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2025-12-22 03:57