# UNIfication
AI summary
This proposal, called "UNIfication," aims to activate protocol fees on both Uniswap v2 and v3, which means a small percentage of trading fees will go to the Uniswap DAO treasury. It also includes burning 100 million UNI tokens, approving 40 million UNI for a two-year vesting contract, and formalizing agreements with Uniswap Labs and two individuals/entities for services and indemnification. The goal is to align incentives and strengthen the Uniswap ecosystem.
If passed, the Uniswap DAO will begin collecting revenue from trading fees, potentially increasing the value of the UNI token and providing funds for future development or initiatives. The burning of 100 million UNI tokens (approximately $1 billion at current prices) will reduce the total supply, which could increase the scarcity and value of remaining tokens. The vesting of 40 million UNI (approximately $400 million) will provide long-term incentives. This benefits UNI token holders and the DAO treasury, while traders will see a small increase in transaction costs due to the new fees.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
UNIfication
This vote covers the UNIfication proposal and includes the final copy of the services agreement, indemnification agreements for the independent negotiation committee, final spec, and an updated list of v3 pools that has been refreshed to reflect the latest available data. We recommend reading the full details before voting.
Proposal Spec
If this proposal passes, it will execute eight function calls:
/// Burn 100m UNI
UNI.transfer(0xdead, 100_000_000 ether);
/// Set the owner of the v3 factory on mainnet to the …