TechFlow news — The Uniswap Foundation has released information regarding a proposal titled "Activating Uniswap Protocol Governance," which would alter the protocol's fee mechanism to reward UNI token holders who vote and stake their tokens.
The Uniswap Foundation has funded research and development for various components required to implement this proposal. Specifically, it has supported two new smart contracts—V3FactoryOwner.sol and UniStaker.sol—designed to be deployed into and interact with the existing Uniswap contract ecosystem.
If this governance proposal is implemented, it will:
- Upgrade Uniswap protocol governance to enable permissionless, programmable collection of protocol fees.
- Distribute any protocol fees proportionally to holders who have staked and delegated their UNI tokens.
- Allow governance to retain control over core parameters: deciding which pools are subject to fees and determining fee levels.
The Snapshot vote will go live on March 1, 2024, and on-chain voting will begin on March 8, 2024.
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