Uniswap's governance proposal, known as "UNIFication," has been expedited and approved, with the fee contract now entering a $15.5 million bounty period. The proposal received overwhelming support, with over 63 million UNI tokens backing it and virtually no opposition in a Snapshot interim vote.
The proposal seeks to unify governance between Uniswap Labs and the Uniswap Foundation while activating a protocol-level fee mechanism. The associated fee-switch smart contract is now part of Cantina's $15.5 million bug bounty. Full on-chain voting is anticipated to commence next week, potentially advancing the implementation of a new fee collection and distribution framework.
Uniswap's Governance Proposal Approved, Enters $15.5M Bounty Phase
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
