Source: PortaldoBitcoin
Original Title: Uniswap soars 14% in a week with confirmed burn of 100 million UNI
Original Link: https://portaldobitcoin.uol.com.br/uniswap-decola-14-na-semana-com-queima-confirmada-de-100-milhoes-de-uni/
A certain DEX (UNI) community approved a new proposal introducing a token burn mechanism, reducing market supply to make the asset more deflationary and potentially increasing its value.
Hayden Adams, founder of the DEX, announced on Thursday that the proposal named “UNIfication”(Unified) was approved overwhelmingly with 125,342,017 votes in favor and only 742 against.
“After approximately two days of voting, 100 million UNI will be burned, the fee switch will be activated, the lab will shut down frontend fees and focus on protocol development, along with other measures. Merry Christmas!” Adams wrote.
Token Burn Plan
“UNIfication” aims to unify economic incentives, governance, and protocol development within a single framework. Upon approval, it will activate protocol fees in certain DEX v2 and v3 selected liquidity pools and redirect part of the fees to a programmatic burn mechanism for UNI.
The plan includes retroactively burning 100 million tokens from the project treasury—currently valued at about $630 million.
Analysts believe this move will transform UNI from a purely governance token into an asset with value aggregation effects, and increase the daily trading volume of the decentralized exchange.
The asset’s price reflects community optimism. This week, UNI has increased by 14.3%, according to CoinGecko data. On Friday, the token rose 1.2%, trading at $5.89.
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A certain DEX community's token burn proposal led to a weekly increase of over 14%
Source: PortaldoBitcoin Original Title: Uniswap soars 14% in a week with confirmed burn of 100 million UNI Original Link: https://portaldobitcoin.uol.com.br/uniswap-decola-14-na-semana-com-queima-confirmada-de-100-milhoes-de-uni/ A certain DEX (UNI) community approved a new proposal introducing a token burn mechanism, reducing market supply to make the asset more deflationary and potentially increasing its value.
Hayden Adams, founder of the DEX, announced on Thursday that the proposal named “UNIfication”(Unified) was approved overwhelmingly with 125,342,017 votes in favor and only 742 against.
“After approximately two days of voting, 100 million UNI will be burned, the fee switch will be activated, the lab will shut down frontend fees and focus on protocol development, along with other measures. Merry Christmas!” Adams wrote.
Token Burn Plan
“UNIfication” aims to unify economic incentives, governance, and protocol development within a single framework. Upon approval, it will activate protocol fees in certain DEX v2 and v3 selected liquidity pools and redirect part of the fees to a programmatic burn mechanism for UNI.
The plan includes retroactively burning 100 million tokens from the project treasury—currently valued at about $630 million.
Analysts believe this move will transform UNI from a purely governance token into an asset with value aggregation effects, and increase the daily trading volume of the decentralized exchange.
The asset’s price reflects community optimism. This week, UNI has increased by 14.3%, according to CoinGecko data. On Friday, the token rose 1.2%, trading at $5.89.