โ๐ $UNI : Fee Switch & Burn Vote HYPE! ๐ฅ
โThe UNIfication proposal is on fire! ๐ฅ
โWHAT'S HAPPENING? A final governance vote is underway to:
โActivate Protocol Fees: Direct a portion of trading fees to $UNI
โBurn 100M UNI Tokens: Permanently reduce the total supply (approx. 16% of current circulating supply).
โWHY IT MATTERS: This aims to turn UNI from just a governance token into a value-accrual asset, potentially creating a major supply shock and making the token deflationary.
โTHE LATEST: The vote is active and creates major buzz.
โPrice Reaction: UNI has seen a significant surge recently (up ~16% in 24h as of the last update) on optimism about the vote passing.
โWatch Out For: The final vote outcome (deadline around Dec 25th) and the subsequent price volatility!
โThis is the biggest event in Uniswap's history.