Uniswap Proposes Extending UNIfication Burn Program to v4 Liquidity Pools

CoinFeed July 8 news, according to Cryptopolitan report, Uniswap Labs proposes extending the UNIfication burn program to Uniswap v4 liquidity pools, requesting UNI holders to approve protocol fees on some v4 pools and use part of the revenue to buy back and burn UNI tokens. Snapshot voting runs from July 7 to 12, lasting five days. The UNIfication program currently operates on 11 chains, enhancing token value by distributing protocol revenue to stakers and token burning. If the v4 extension proposal passes, it will further strengthen UNI's deflationary mechanism and may attract more liquidity to the v4 version. Community reaction is generally positive, but some small liquidity providers worry that increased protocol fees may affect their earnings.