Uniswap has introduced a new initiative called "UNIfication," which aims to enhance the scarcity and cash flow of its UNI token. The proposal includes the activation of protocol fees, which, along with Unichain Sequencer fees, will be used to burn UNI tokens. Additionally, a Protocol Fee Discount Auction (PFDA) is being introduced to internalize Miner Extractable Value (MEV) and plans to retroactively burn 100 million UNI tokens. The initiative seeks to directly link protocol usage to token scarcity and cash flow, potentially lowering user-side fees. However, liquidity provider (LP) earnings may be diluted, and it remains to be seen if the PFDA and trading depth can compensate for this. The proposal represents a significant shift in Uniswap's approach to managing its tokenomics and user incentives.