Uniswap Labs on July 7 proposed activating protocol fees on a subset of Uniswap v4 pools, extending the fee rollout that DAO voters approved under the UNIfication package to the exchange's newest and most flexible pool architecture.
The temperature check went to a five-day Snapshot vote running July 7-12, with an onchain vote scheduled to begin the week of July 13. Because Uniswap's GovernorBravo contract caps proposals at 10 actions, Uniswap Labs said two onchain votes will be posted in parallel to cover all the chains involved.
UNI is up 6.8% to $3.57 in the past 24 hrs, giving Uniswap a market capitalization of $2.2 billion, according to CoinGecko, while ETH is up almost 3%. The token remains down more than 90% from its May 2021 record of about $44.92, though it had climbed more than 40% over the past month amid the UNIfication burns and Uniswap's expansion onto new venues.
The proposal follows the UNIfication overhaul, which DAO members passed in December with near-unanimous support and which turned on protocol fees and directed them toward burning UNI. It builds on four earlier fee proposals, numbered #93 through #96, and uses the same expedited governance track those proposals established.
