#Uniswap’s

Uniswap fund reveals assets amid polls

The Uniswap Foundation announced that the vote on the proposal for a new commission collection mechanism will take place by May 31.

The announcement caused the platform's native token UNI to rise more than 20%.

Uniswap's new commission mechanism

The Uniswap Foundation described an important step toward implementing autonomous commission collection and distribution in Uniswap V3 pools.

"If the proposal passes, ownership of the UniswapV3Factory core network will be transferred to a new V3FactoryOwner instance. This vote will not include a commission; this will be fulfilled in a future proposal," the Foundation explained.

In February, the Uniswap Foundation proposed a commission reward mechanism for UNI token holders to incentivize participation in governance. Initial feedback has shown strong support for the proposal, despite potential legal challenges from the US Securities and Exchange Commission (SEC) over the protocol.

Traditionally, all commissions collected by Uniswap have gone to liquidity providers (LPs). The new proposal plans to distribute protocol commissions to UNI holders who add tokens to the staking.

According to CryptoFees, Uniswap has earned approximately $3.2 million in commissions in the past 24 hours, averaging $3.4 million over the past week. The protocol handles approximately 30% of all transactions in the decentralized finance sector.