Uniswap founder Hayden Adams posted on social media stating that the “proposal to activate the Uniswap fee switch” has entered its final governance voting stage.

The vote will begin at 10:30 PM ET on December 19 and conclude on December 25. Hayden Adams noted that if the proposal is approved, after a 2-day delay, 100 million $UNI tokens will be burned, the v2 and v3 fee switches will be activated on mainnet, and $UNI token burns as well as Unichain fee burns will commence.