Uniswap is preparing to turn on the "fee switch" – Are UNI holders about to receive profit sharing?

After more than a year of delays, the proposal to share transaction fees with UNI holders – also known as the "fee switch" – is making a comeback. According to Abdullah Umar, a member of the oversight committee of 08990951748 DAO, a vote could take place as early as this summer, along with a proposal to legalize the DAO in the form of DUNA in the state of Wyoming (USA).

Currently, all transaction fees on the Uniswap exchange – approximately 91 million USD just in the past month – are distributed to liquidity providers (LP). If the fee switch is activated, a portion of these fees will be redistributed to UNI token holders, marking a significant step in turning UNI into a real income-generating asset.

This proposal was previously canceled last year due to pressure from an unnamed large investor. Some sources hinted at interference from venture capital firms like Andreessen Horowitz. However, support for the fee switch is returning strongly as Uniswap DAO faces increasing criticism for its lack of genuine decentralization – with many addresses controlling more than 10% of the voting power.

Nevertheless, if enough holders participate in the vote, the proposal could still be passed. This is a golden opportunity for the DAO to revive trust and bring real value to the UNI community after years of controversy.

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