Weekly Popular Project Updates: Uniswap proposal to launch protocol fees, Magic Eden initiates buyback, Aave may delist high fluctuation collateral, etc. (1109–1115)

1. The Uniswap proposal initiates protocol fees and the UNI Burn Mechanism, the foundation's functions will be merged into Labs link.

The Uniswap Foundation and Uniswap Labs jointly proposed a governance proposal to initiate a protocol fee mechanism, reduce the total supply of UNI, and trigger UNI burn through protocol usage to reconstruct the ecological incentive model. The proposal also includes the establishment of a Uniswap Growth Budget to fund protocol and ecological development under the service provision protocol framework, while most functions and teams of the foundation will be merged into Uniswap Labs. The foundation will continue to fulfill existing grant commitments and will cease operations after completing the remaining grant budget of approximately $100 million.

2. The Aster team confirms that there have been recent modifications to the tokenomics link

The derivatives exchange Aster team has confirmed recent modifications to the tokenomics. Data shows that multiple ASTER tokens originally scheduled to unlock in 2025 have been canceled and overall postponed to the summer of 2026, with some extended to 2035. The team responded that the original plan was to conduct ecological unlocks monthly, but due to the current lack of usage demand, they decided to no longer unlock the related tokens.

3. Babylon completed the mainnet upgrade, reduced inflation, and launched the joint staking mechanism link

Babylon announced the completion of its mainnet upgrade, officially activating two BABY token economic adjustments and launching the BTC staking extension feature: the annual inflation rate is reduced from 8% to 5.5%, resulting in an annual reduction of approximately 250 million newly issued BABY; a joint staking mechanism for BABY and BTC is introduced, allowing users who stake both to receive higher rewards; the BTC staking extension feature allows users to extend existing lock-up periods without interrupting their earnings. The team stated that it will continue to promote the utility and sustainability of the BABY token economy around the Trustless Bitcoin Vault protocol.

4. Lido DAO proposed to launch the LDO automatic buyback mechanism, planning to deploy LDO/wstETH liquidity and enhance token utility link

The Lido DAO community has initiated a liquidity buyback proposal, aiming to introduce an automatic buyback mechanism for LDO. This mechanism will deploy LDO/wstETH liquidity in a Uniswap-v2 style LP position across the entire range, while retaining ownership of the position in the Aragon Agent, with the goal of removing LDO from circulation through the buyback mechanism, thereby enhancing the utility of LDO. If the proposal is approved, the plan is expected to be implemented around the first quarter of 2026.

5. Magic Eden launches cross-chain secondary market buyback mechanism, 30% of transaction fees will be used to buy back ME tokens and NFTs link

NFT trading platform Magic Eden has announced the immediate implementation of a new buyback plan, using 30% of all secondary market revenue for buybacks. Of this, 15% will be used for on-chain buybacks and the destruction of ME tokens, while another 15% will be used to buy back popular NFTs across various chains and include them in the official “permanent collection.” Magic Eden stated that the buyback will be triggered automatically and will commence once sufficient fees have accumulated, with the buyback mechanism set to expand to all chains in the coming weeks.

6. Pump fun launches an experimental “Mayhem Mode” that introduces AI agents to participate in new token trading link.

Pump fun announces the launch of the experimental Mayhem mode, allowing AI agents to participate in the trading of newly issued tokens. This automated bidding method represents a new breakthrough for both AI agents and Meme coins, as most agents previously relied on human assistance. Pump fun states that this mode aims to increase early trading volume by introducing AI agents, but it has not explicitly announced which agents will participate, leaving it up to the community to discover from related documents. Unlike before, this time AI agents will not create new tokens.

7. Jito Labs launches the Block Assembly Market BAM: Enhancing execution transparency and fairness on Solana link

Solana MEV infrastructure Jito Labs published an article introducing its launched Block Assembly Marketplace (BAM), stating that it can solve the pain points of the Solana network, consolidate on-chain advantages, and assist in the realization of the “Internet capital market”. The article points out that BAM can ensure transparent and fair execution on Solana, promoting on-chain transactions to surpass centralized venues; it analyzes the current execution uncertainty issues in Solana due to seven different transaction schedulers; and explains that the construction of BAM is to learn from the bad incentive lessons of Ethereum’s proposer-builder separation (PBS) to avoid repeating past mistakes. BAM achieves application-controlled execution (ACE) through a plugin system, addressing the shortcomings of FIFO ordering; in terms of security and decentralization, it relies on Trusted Execution Environment (TEE) to ensure verifiable transaction settlement, and explains security from the perspectives of physical security and confidentiality. In the future, BAM plans to open source its code, expand ACE, decentralize operators, realize collaborative block construction, and accelerate through FPGA hardware.

8. The Aave community votes to remove multiple high-volatility token collaterals, for reasons including oracle price discrepancy risk and insufficient yield link

According to DeFi researcher Ignas, due to the market crash on October 11, the Aave community is advancing to reduce the collateralization rates of highly volatile assets such as CRV, UNI, ZK, BAL, LDO, 1INCH, METIS, and CAKE to 0, and gradually remove their lending functions. During the crash, some oracle prices fluctuated by 15%-50% in a single instance, and there were even delays of several minutes, leading to a significant deviation between the on-chain actual prices and the oracle prices, thus triggering the risk of exploitable bad debts. Meanwhile, the lending and collateral yield of the aforementioned assets on Aave is extremely low, with risks and returns being severely mismatched, so the community voted in favor of removing the related collateral.

9. EigenCloud and LayerZero launch the cross-chain verification network EigenZero link

EigenCloud and LayerZero jointly launched “EigenZero”, a decentralized validation network (DVN) based on the CryptoEconomic DVN Framework, supported by EigenCloud infrastructure, and backed by approximately 5 million USD equivalent in staked ZRO assets, introducing punitive economic constraints for cross-chain message validation. It adopts an optimistic validation model: messages are assumed to be valid by default with an 11-day challenge period; once proven to contain errors or malicious behavior after final confirmation, the related stake will be reduced, providing security guarantees for cross-chain applications.

10. Aerodrome will launch a unified platform Aero, with plans to expand to Ethereum and Arc link.

The DEX Aerodrome on the Base chain, developed by Dromos Labs, has launched a new trading center called Aero and announced its expansion to the Ethereum mainnet and Circle's Arc chain. Aero will integrate Aerodrome with Velodrome deployed on Optimism and will launch a unified token AERO in the second quarter of 2026, replacing the existing AERO and VERO tokens, with about 5.5% allocated to VELO holders and the remaining 94.5% allocated to AERO holders, with no new token supply.