TechFlow news, the Uniswap Foundation announced it will launch an on-chain vote on May 31 to upgrade the protocol so its fee mechanism can reward UNI token holders who have staked and delegated their tokens.
UNI holders wishing to vote on this proposal must delegate their UNI to themselves or a third party before voting begins. Those holding UNI but failing to delegate in time will not be able to vote.
If the vote passes, it will propose further simplifying the fee-setting process, improving efficiency, reducing governance burden, and maintaining neutrality.
In addition, the contracts have passed three audits with no critical issues identified. The codebase is covered by a $1 million bug bounty program.
Previously, in a Snapshot vote on March 6, 55 million UNI supported a proposal to transfer ownership of the Uniswap V3 Factory to a new instance. This vote does not enable fees, which will be implemented through future proposals.
