Uniswap Plans New Fee Mechanism with On-Chain Vote
Uniswap Foundation has set a date for on-chain voting, scheduled for May 31, to decide on a new fee mechanism.
The proposed mechanism aims to introduce autonomous fee collection and distribution in Uniswap V3 pools. It involves transferring ownership of UniswapV3Factory to a new instance of V3FactoryOwner. However, the actual implementation of fees will be addressed later.
In February, the Foundation proposed a fee reward system for UNI token holders to boost governance participation, despite potential legal challenges from the SEC.
Traditionally, Uniswap fees went to liquidity providers, but the new proposal plans to distribute protocol fees among staked and delegated UNI token holders, encouraging more active participation.
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Uniswap has been earning around $3.2 million in fees daily, handling about 30% of total trades in DeFi.
Additionally, the Uniswap Foundation revealed holding $41.41 million in fiat and stablecoins, along with 730,000 UNI tokens. They allocated $4.34 million in new grants and disbursed $2.79 million from previous grants during the first quarter.
The fiat and stablecoins are intended for grant making and operational activities, while UNI tokens are reserved for employee token awards.
Alexander Stefanov
Reporter at CoinsPress
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