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UNI token holders approve $165.5 million in new foundation funding, laying groundwork for long-promised 'fee switch'

The Uniswap community has voted in favor of two governance proposals to drive growth of the recently launched Unichain Layer 2 and Uniswap v4 protocols through a new grants program and other liquidity incentives. Notably, the governance decision lays the groundwork to activate the long-promised "fee switch."

Both proposals, part of the "Uniswap Unleashed" plan, aim to expand the Uniswap ecosystem and mark "the beginning of our community's next era" by unlocking "new opportunities to build, grow and to create and capture value," the Uniswap Foundation wrote on the social media platform X.

https://www.theblock.co/post/347172/uni-token-holders-approve-165-5-million-in-new-foundation-funding-laying-groundwork-for-long-promised-fee-switch