Uniswap "Unification" Vote to Burn 100M UNI; Largest Short Trims 40%

Uniswap's "Unification" proposal entered its final governance vote on December 20 at 11:30 Beijing Time, running until December 26; if approved, a 2-day timelock will precede the burn of 100 million UNI and activation of mainnet v2/v3 fee switches, with fees used to continually burn UNI, BlockBeats reports citing a submission by Uniswap founder Hayden Adams. On-chain data show the largest UNI short whale "山寨空军车头" closed over 40% of short exposure since 13:00 yesterday, reducing the position to $2.79 million with unrealized profit of $1.22 million (437%), an average price of $7.46 and liquidation price of $5.19, HyperInsight reported. Another whale "0x413c", long since December 17, added at a $4.9 average two hours before the final vote and saw peak unrealized gains above 50%, but closed around breakeven after a price pullback this morning, ending the trade with about $36,000 in profit. Following the announcement, the Polymarket market on whether the Uniswap protocol fee switch will be enabled before December 31, 2025 saw its "Yes" contract jump 69%, with more than 20 addresses buying and implied probability rising to 85%; UNI briefly rallied 10%, BlockBeats reports.