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BREAKING NEWS:
Uniswap (@Uniswap) activates Protocol Fee & burn mechanism $UNI !!
Three governance proposals are currently in the process of community voting:
• @RobinhoodApp Chain (v2/v3 Protocol Fees)
• Activation of Protocol Fees for Uniswap v4
• Bridge cleanup for XLayer, Avalanche $AVAX , MegaETH $MEGA , and Sonium.
If all proposals are approved, protocol fees will be expanded to more networks at the same time, strengthening the $UNI burn mechanism.
This is an important step because for the first time since its launch, @Uniswap has a token burn mechanism supported by protocol revenue on an ongoing basis.
And this could potentially create deflationary pressure on the supply of $UNI as trading activity increases.