Uniswap Foundation Reveals Assets Ahead of Fee Mechanism Vote

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Uniswap proposes a new fee mechanism, UNI value rises 12.31%, and the Foundation discloses $41.41M in fiat and 730K UNI tokens.

HIGHLIGHTS
The Uniswap Foundation announced that on-chain voting for a new fee mechanism proposal will occur by May 31.
This announcement boosted the value of UNI by 12.31% in the last 24 hours, reaching $11.29.
Ownership of the mainnet UniswapV3Factory will transfer to a new instance if the proposal passes.

The Uniswap Foundation announced that on-chain voting for a proposal to establish its new fee mechanism will occur by May 31. This announcement has boosted the value of the network’s native token, UNI, by 12.31% in the last 24 hours, reaching $11.29.

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