No wonder UNI has exploded these past two days; it turns out good news is approaching. The UNIfication proposal (the one that activates the protocol fee switch + burns UNI) has not yet passed, and voting is currently ongoing.
1. Current voting status (as of December 21, 2025)
1. Voting period: Approximately from December 19-20 to December 25-26 (slight variations from different sources, but all conclude around Christmas).
2. Current support rate is very high: Early data shows close to 100% support, with votes in favor far exceeding votes against (e.g., 47K+ For vs very few Against).
3. Preliminary Snapshot temperature check has passed with overwhelming support (over 63 million UNI in support, almost no opposition).
4. We are now in the final on-chain voting phase, and the deadline has not yet arrived, so the results are not out. The market is optimistic about a high probability of passing (over 85% on Polymarket).
2. Are there dividends? No direct dividends (such as distributing USDC or ETH to holders).
1. If the proposal passes: activate the fee switch (the protocol takes a portion of transaction fees), these fees will not be distributed to UNI holders but will be used to **directly buy back and burn UNI (deflationary mechanism).
2. Additionally, there will be a one-time burn of 100 million UNI (approximately 10-15% of circulation, worth over 500 million USD).
3. This amounts to indirect benefits: reducing supply + binding protocol revenue to UNI, which will push prices up in the long term (similar to value capture like GMX or VELO), but it is not traditional dividends or staking rewards (benefits without locking up assets, all holders benefit indirectly).
4. Some older proposals discussed staking UNI for fee distribution, but this UNIfication proposal is purely a burn route, not dividends/staking rewards.
Overall, the voting is not yet over (we will know the results in a few days). If passed, the UNI economic model will undergo a major upgrade, but do not expect direct payouts; it is deflationary + value capture gameplay. The current UNI price is around $6.0-6.3, and there is significant fluctuation during the voting period, with data from CoinMarketCap, Uniswap governance page, etc.!!!
