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6d ago

Uniswap Schedules Vote to Extend Automated Fee Switch Across Eight L2s as UNI Rallies

The plan targets roughly $27 million in new annualized revenue through automated v3 fees using per‑chain TokenJars that bridge proceeds to Ethereum for UNI burns.

Uniswap UNI
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Overview

  • On-chain voting runs from Feb. 27 to March 1 and is split into two proposals due to transaction limits.
  • The expansion would activate protocol fees by default across v3 pools on Base, OP Mainnet, Arbitrum, Celo, Soneium, Worldchain, X Layer, and Zora via the v3OpenFeeAdapter.
  • Fees on each network would accrue to a local TokenJar and then be bridged to Ethereum for UNI buybacks and burns, replacing manual pool-by-pool activation.
  • Reporting cites about $27 million in additional annualized revenue on top of roughly $34 million already captured, with more than $5.5 million in UNI burned since late 2025; some estimates put total annualized revenue near $61 million.
  • UNI jumped roughly 15–20% to about $4 with notable spikes in spot volume and open interest, though observers caution that higher protocol fees could affect liquidity competitiveness on fee‑sensitive L2s.