Uniswap proposes to extend the UNIfication burn plan to v4 liquidity pools

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Golden Finance reported that on July 8, according to Cryptopolitan, Uniswap Labs proposed expanding the UNIfication burn plan to Uniswap v4 liquidity pools, requesting UNI holders to approve protocol fees on certain v4 pools and use part of the revenue to buy back and burn UNI tokens. The snapshot vote runs from July 7 to 12, for five days.

The UNIfication plan is currently operating on 11 chains, enhancing token value by distributing protocol revenue to stakers and burning tokens. If the v4 expansion proposal passes, it will further strengthen UNI's deflationary mechanism and could attract more liquidity to the v4 version. Community reaction has been generally positive, but some smaller liquidity providers are concerned that increased protocol fees may affect their earnings. Uniswap Labs stated it will closely monitor the voting results and adjust implementation details based on community feedback.

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