ME News: On December 22 (UTC+8), the Uniswap governance proposal UNIfication for the protocol fee switch has received over 40 million votes in favor on-chain, reaching the required quorum. As of now, there are about 69 million votes in favor and fewer than 1,000 votes against, with the proposal status being ACTIVE. Voting will end on December 26 at 02:22 (UTC+8). According to the information on the proposal page, if ultimately passed, governance will enable the Uniswap protocol fee switch and initiate a UNI buyback and burn mechanism driven by protocol fees and Unichain sequencer fees, with the relevant contracts expected to take effect later this week as per the proposal. (Source: ME)