Uniswap Overhauls Governance, Centralizing Power with UNIfication Initiative

Uniswap is embarking on a significant restructuring of its governance and tokenomics model known as ‘UNIfication.’ This initiative will see Uniswap Labs assume control over the platform, effectively dissolving the existing Foundation. Key changes include implementing adjusted protocol fees, incorporating new tokenomics features, and initiating a substantial UNI token burn.