Overview
- Uniswap founder Hayden Adams submitted governance proposals to activate protocol fees on selected v4 pools across multiple networks and to enable v2/v3 fees on Robinhood Chain, with on‑chain voting scheduled to begin around July 19.
- Collected fees would be routed into chain-specific TokenJar contracts, moved to Ethereum via bridges, and exchanged for UNI that is sent to the 0xdead burn address to reduce total supply.
- The v4 plan uses new on‑chain components called V4FeePolicy and V4FeeAdapter to calculate and collect fees for pools that use hooks or dynamic fee rules, and it proposes differentiated rates such as 10 basis points for Base stable pools and multipliers for some aggregator hooks.
- Large recent volume on Robinhood Chain — reported at roughly $6 billion in cumulative swaps and spikes of hundreds of millions a day — makes the network a key source of new fee revenue and could materially increase UNI burns if fees are approved.
- Some liquidity providers, including Gamma Strategies, warn protocol fees will cut LP income and could push liquidity to rival venues, while proponents point to the December 2025 UNIfication change and prior single-day burns as precedents for routing protocol revenue into tokenomics.