Uniswap’s UNI jumps 15% as governance vote to expand fee switch gains momentum

Uniswap's governance token, UNI, surged by 15% following a proposal to expand the platform's fee switch mechanism, which allows for a portion of trading fees to be redirected to liquidity providers and stakers. The proposal has garnered significant support within the community, indicating a growing interest in enhancing the protocol's revenue model. If approved, the changes could lead to increased incentives for users and potentially higher returns for liquidity providers. This momentum reflects a broader trend in the decentralized finance (DeFi) space, where governance and fee structures are evolving to attract more participants.

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