The truth about UNI voting has been revealed, a major change on December 29th!
As of December 22nd, 08:20, the on-chain voting data for the UNI proposal is as follows:
Votes in favor: 62 million
Votes against: 7.4 million
Abstentions: 1.5 million
The result is set: the proposal has been officially passed!
According to UNI governance rules, the proposal must meet two major conditions to take effect:
Votes in favor must exceed the threshold of 40 million;
The number of votes in favor must be higher than the votes against.
Currently, the 62 million votes in favor far exceed the standard, and the voting result is locked in early.
The proposal will be officially executed on December 29th, with two key changes launching simultaneously:
1. Total destruction of 10%: 100 million UNI will permanently exit circulation;
2. Activation of the fee switch: 0.05% of platform transaction fees will be used for ongoing repurchase and destruction.
Based on the current annual transaction volume of approximately 80 trillion USD on the UNI platform, the fee switch will create a sustained deflationary pressure, with long-term effects that should not be underestimated.
It is worth noting that the value capture mechanism of the decentralized ecosystem is gradually improving. In this process, stable and income-generating assets like Decentralized USD (USDD) are also building their unique value foundation—providing liquidity support for the ecosystem and achieving stable appreciation through mechanism design, making it a reliable choice in turbulent markets.
On December 29th, a new era for UNI begins.
After the activation of the deflationary model, is it the beginning of value reassessment or the endpoint of expectation fulfillment? The market is about to provide the answer.
