The founder of the Uniswap project announces a proposal to activate protocol-level fees "fee switch".

A portion of the fees will be used to burn UNI tokens, with 100 million UNI tokens being burned from the project’s treasury.

In return, this proposal eliminates the idea of protocol governance, and it will turn into a centralized project fully controlled by the team.

A few days ago, the ZKsync project took a similar step to convert its token into a token with actual use.. and many projects will do this in succession..

In light of the market situation and liquidity shortages, governance tokens and project tokens that do not have actual use must provide utility for the token or face the risk of disappearing from this market.

  Crypto_News24_z

✈️ Bitcoin News | Bitcoin News🏪