Home Uniswap Eyes To Expand Protocol Fees To Robinhood Chain, Voting Begins

Uniswap Eyes To Expand Protocol Fees To Robinhood Chain, Voting Begins

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Uniswap Eyes To Expand Protocol Fees To Robinhood Chain, Voting Begins
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The Uniswap governance has voted on proposals that seek to extend the fee collection and UNI burn feature to other blockchain platforms such as Robinhood Chain and some of the major Uniswap V4 launches.

The proposals are the next step towards implementing the protocol fee in the long-awaited Uniswap plan to activate the fees after years of inactivity. With the approval of the proposals, Robinhood Chain would be among the latest blockchain networks contributing to the protocol and burning UNI.

Voting will take place from July 19th – July 26th with a quorum of 40M UNI to pass the vote. With the passing of the proposal, it will be locked for two days and only after identifying all the issues, it will be implemented on-chain. The development is expected to improve the revenue model of the protocol while broadening the fee architecture.

The move is expected to strengthen Uniswap’s revenue model while expanding its fee architecture across a broader blockchain ecosystem.

 

 

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