Uniswap UNIfication passes 99.9% vote; 100 million UNI burn after timelock

Uniswap governance approved the "UNIfication" plan with 99.9% support on Thursday, Hayden Adams said on X. The proposal redirects part of trading fees from liquidity providers to the protocol to fund ongoing UNI burns, with an initial 100 million to be retired after a two-day timelock. UNI was $5.92 at 10:10 p.m. Thursday, up 18.9% in the past week.