Deep Tide TechFlow news, on December 22, according to Cointelegraph, Uniswap's fee switch proposal "UNIfication" has reached the approval threshold of 40 million votes and will take effect this week.
As of Monday, the proposal has received nearly 69 million votes in favor, with voting ending on Thursday (Christmas). Once the proposal is approved, there will be a two-day time lock period, after which the Uniswap v2 and v3 fee switches will be activated on the Unichain mainnet, triggering the destruction of UNI tokens.
The proposal will destroy 100 million UNI tokens in the Uniswap Foundation treasury and implement a protocol fee discount auction system to enhance liquidity provider returns. These changes are expected to significantly improve the supply and demand dynamics of UNI tokens, increasing their long-term holding value.
Since the start of the self-vote, the UNI price has risen by over 25%, and the current trading price is $6.19.
