On #12 28th, 100 million UNI tokens in the Uniswap Foundation treasury were burned this morning, valued at approximately $596 million.



The final governance vote on the Uniswap "Activate Fee Switch Proposal" was approved two days before the vote. In addition to burning 100 million UNI tokens from the treasury, activating the protocol fee switch will also direct the fees collected by the protocol to be used for programmatic burning of UNI, achieving deflation.
UNI-0,3%
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