Uniswap has deployed its 'UNIfication' proposal contract on the Ethereum mainnet, setting the stage for on-chain voting. The proposal aims to enhance the protocol by enabling protocol fees to be used for burning UNI tokens and includes a one-time burn of 100 million UNI from the treasury. Additionally, it introduces a Protocol Fee Discount Auction (PFDA) to boost liquidity provider rewards and plans to upgrade Uniswap v4 to function as an on-chain aggregator, collecting fees from external liquidity sources.
The proposal also seeks to redefine the relationship between Uniswap Labs and the foundation, emphasizing protocol development. To ensure security, a reward of up to $15.5 million is offered for identifying critical vulnerabilities in the system.
Uniswap Launches 'UNIfication' Proposal for On-Chain Voting on Ethereum
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