Uniswap initiates final voting on multi-chain fee switch, proposing to allocate a portion of the fees to UNI token holders.

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Odaily Planet Daily reports that the Uniswap community has initiated a final vote on enabling protocol fee switches on eight chains: Base, Arbitrum, OP Mainnet, World Chain, X Layer, Celo, Soneium, and Zora.

The proposal suggests allocating at least one-sixth of the transaction fees on these networks from liquidity providers’ earnings into a “token jar,” and distributing it to token holders through methods such as burning an equivalent amount of UNI. Since the Ethereum mainnet v2 and some v3 pools started sharing fees at the end of last year, they have generated approximately $3.3 million in revenue. The plan also aims to include the remaining Ethereum v3 pools.

Two related final votes will conclude on March 4. (DL News)

UNI-6.3%
ARB-13.02%
OP-10.95%
CELO-7.54%
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