Uniswap governance is considering a plan to expand protocol fees, The Block reported on Feb. 19.
The plan includes applying fees to all Ethereum mainnet v3 pools and expanding to 8 chains including Arbitrum, Base, Celo, OP Mainnet, Soneium, X Layer, World Chain and Zora. A related Snapshot vote will run through Feb. 23.
The agenda item is the first proposal to emerge since the governance overhaul measure dubbed “Unification” passed late last year. Unification shortened the process by skipping the existing opinion-gathering stage for fee-related changes and moving directly to an on-chain decision after a 5-day Snapshot vote. It also includes a mechanism to convert protocol revenue into UNI and burn it.
Under the new plan, fees collected on layer2 networks would be gathered in chain-specific “TokenJa” contracts, then bridged to the Ethereum mainnet and burned. On the mainnet, a “Firepit” contract would handle the burn directly.
Hayden Adams (하이든 아담스), the founder of Uniswap Labs, said the initial fee introduction was successful and that the expansion would secure more value.
Chi-gyu Hwang
delight@d-today.co.kr