On December 28, Uniswap announced that all interface fees for its applications and APIs have been set to zero. Previously reported, the Uniswap “Fee Switch Proposal” was approved in the final governance vote. After a two-day timelock period, the fee switches for Uniswap v2 and v3 will be activated on the Unichain mainnet, triggering the burning of UNI tokens. The proposal will burn 100 million UNI tokens from the Uniswap Foundation treasury and implement a protocol fee discount auction system to increase liquidity provider rewards.
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Uniswap: All application and API interface fees have been set to zero
On December 28, Uniswap announced that all interface fees for its applications and APIs have been set to zero. Previously reported, the Uniswap “Fee Switch Proposal” was approved in the final governance vote. After a two-day timelock period, the fee switches for Uniswap v2 and v3 will be activated on the Unichain mainnet, triggering the burning of UNI tokens. The proposal will burn 100 million UNI tokens from the Uniswap Foundation treasury and implement a protocol fee discount auction system to increase liquidity provider rewards.