Uniswap Governance Plans to Expand Protocol Fees to More Chains and Activate V3 Pools

Overview of the Uniswap Governance Proposal

The Uniswap governance committee is currently discussing a new proposal to activate protocol fees for all remaining V3 pools and extend them to eight additional blockchain networks. This initiative is seen as a critical step in the continuous optimization of the Uniswap ecosystem.

Upgrade of the Fee Burning Mechanism

Under the proposal, the revenue generated from protocol fees will first be routed through the TokenJar contract, then bridged to the Ethereum mainnet, and finally burned in the form of UNI tokens. This mechanism aims to increase the scarcity and overall value of the UNI token.

Ecosystem Expansion and Impact

• Activate protocol fees for all V3 pools.
• Extend fees to eight additional blockchains.
• Optimize the burning process to enhance UNI's value.
• Strengthen Uniswap's position in the multi-chain ecosystem.