Uniswap Proposal to Enable Protocol Fee Switch on Layer 2 Enters Final Vote
BlockBeats News, February 28th, the Uniswap community has initiated the final vote on enabling the protocol fee switch on eight chains, including Base, Arbitrum, Optimism (OP) Mainnet, World Chain, X Layer, Celo, Soneum, and Zora.
The activation fee switch proposal aims to divert at least one-sixth of the transaction fees in the above networks from LP revenue and redistribute them to holders through the burning of an equivalent amount of UNI. Ethereum Mainnet v2 and some v3 pools have implemented fee sharing since the end of last year, generating approximately $3.3 million in revenue. This proposal also plans to cover the remaining v3 pools on Ethereum. The final two proposal votes are scheduled to conclude on March 4th.
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