Uniswap’s UNIfication governance proposal passed with over 69M votes (above the 40M threshold). After a mandatory two-day timelock, protocol fees will be activated and an automated mechanism will use trading-fee revenue to buy back and burn UNI. The proposal also removes 100 million UNI from the treasury to account for past unrealized burns, introduces Protocol Fee Discount Auctions for LPs, transfers Uniswap Foundation responsibilities to Uniswap Labs, and establishes a 20M UNI/year growth budget. UNI has rallied over 25% since voting opened and was trading at $6.17 (down 1.3% 24h) at presstime.

Governance passed with >69M votes (exceeding 40M threshold); a two-day timelock precedes activation of protocol fees; an automated system will use trading-fee revenue to buy back and burn UNI; 100M UNI will be removed from the treasury to cover past unrealized burns; proposal also sets a 20M UNI/year growth budget and changes foundation responsibilities. UNI already rallied >25% since voting opened and was trading at $6.17 (down 1.3% 24h).