Recently, a major news came from a leading DEX. On December 26th, the platform's "Activation of Fee Switch Proposal" was officially approved through governance voting.

What does this mean? Let me break it down for you: After a two-day lock-up period, the fee switches for this DEX's v2 and v3 will be officially activated on its mainnet. Once activated, it will trigger an interesting mechanism—token burning.

Specifically, the foundation will burn 100 million of its native tokens from the treasury. At the same time, a protocol fee discount auction system will be introduced. The core purpose of this system is to generate higher returns for liquidity providers.

From the overall design perspective, this is a mechanism that adjusts supply through token burning, while the fee discount auction incentivizes LP participation. This kind of innovative mechanism is quite representative in the context of increasingly fierce DEX competition—after all, everyone is now thinking about how to attract and retain liquidity.