Uniswap’s UNIfication Proposal Surpasses Vote Quorum, Nears Activation

Uniswap’s UNIfication Proposal Surpasses Vote Quorum, Nears Activation

Following 99.9% community approval, Uniswap permanently burned 100 million UNI tokens worth nearly $600 million, implementing its new governance-backed fee and supply reduction model.

UNI

Fact Check
The evidence from the provided sources strongly and consistently supports the statement. One source, a crypto data and research firm, directly attributes a governance proposal involving a 'UNI burn contract' to 'Uniswap founder Hayden Adams'. Another source explicitly reports that a Uniswap governance proposal contained a component to 'Burn 100M UNI'. A third source, a public social media post directed at the founder, corroborates these two key details by mentioning both 'the vote' and the 'first 100M $UNI burn'. While the sources vary in authority, they are highly relevant and consistent, with no contradictions. They collectively support all three core claims of the statement: a founder of Uniswap (Hayden Adams), a proposed governance vote, and the specific action of burning 100 million UNI tokens. The convergence of these specific details across multiple sources makes the statement highly likely to be true.
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Summary

Uniswap has executed a 100 million UNI token burn worth about $596 million, following overwhelming community approval of the UNIfication governance proposal on December 25. The vote passed with 99.9% support, enabling protocol fees and transforming UNI into a value-accruing asset tied to exchange activity. The burn removes tokens permanently from circulation, aligning token economics with platform usage. The plan includes a retroactive burn reflecting potential fees since 2018, with changes to be implemented after a timelock period.

Terms & Concepts
  • Token Burn: The permanent removal of tokens from circulation, typically by sending them to an irrecoverable address, reducing total supply over time.
  • UNI: The native governance token of Uniswap, used for protocol voting and now linked more directly to economic value through fee-based burns.