🦄 Uniswap's "fee switch" saga: is the end finally near?
For years,
$UNI holders have been chasing the white whale - the fabled fee switch.
First proposed in 2022, revisited in early 2024, and rejected both times, it's been the kind of DeFi soap opera where the plot barely moves until now.
💫 This week, UNI rallied over 25% as the DAO prepares for a governance restructure: DUNI (a Decentralized Unincorporated Nonprofit Association), registered in Wyoming. The move gives governance participants limited liability protections and opens the door to turning on protocol fees. Why it matters:
- Uniswap generated $129M in fees over the last 30 days and $1.08B in the past year, and for now, the chart agrees - UNI's been having a pretty good run lately.
- under the new U.S. administration, the SEC’s tone towards DeFi has shifted, with Chair Paul Atkins’ “Project Crypto” signaling a friendlier stance.
- Wyoming Senator Cynthia Lummis called DUNAs a "legal foundation American innovators need to succeed".
If the fee switch flips, it could mark a new chapter in DeFi governance - one where protocol revenues finally flow to token holders without the same legal clouds. But in crypto, the last mile is always the hardest...
#UNI #uniswap