The governance vote just went through, and now things are getting interesting for major DEX platforms. Here's what actually changed:

Swap fees are splitting differently now. The protocol itself is taking a cut—think 0.05% on standard pools, while newer pool versions have their own split arrangements. Previously, liquidity providers grabbed everything. This shift means the platform generates real revenue instead of just operating on fumes.

The numbers back this up: we're looking at $600M+ annually from swap activity alone. That's substantial. When a protocol starts capturing fees directly, it fundamentally alters the economics for everyone involved—LPs see different yield structures, traders face slightly different dynamics, and the project has actual resources for development and sustainability.

This kind of structural change doesn't happen overnight, and the market will probably need a few cycles to price in the full implications. Token holders got what they wanted: a revenue model that makes the platform look less like a charity and more like a functioning economic system. LPs will adapt, traders will adjust, and the protocol gets to actually fund itself.

It's the kind of boring infrastructure update that actually matters more than most people realize.