Morning News Update #Web3
𧩠@Uniswap Labs & @UniswapFND propose enabling protocol fees and burning 100M UNI.
đ„ @Uniswap has activated its fee switch, potentially buying back and burning ~$460M UNI/year, implying an annualized ~5% deflation rate.
đ The whale who previously shorted 66,000 ETH has accumulated another 20,000+ ETH.
đ€ A UNI-focused investment institution moved 2.818M UNI to CEXs after the proposal announcement.
đ° The âtop UNI longâ whale who entered 6 days ago is now up over $9M in one week.
