The Uniswap Foundation announced on the X platform that it will launch on-chain voting on May 31 to upgrade the protocol so that its fee mechanism can reward UNI token holders who have staked and delegated their tokens. Users who participate in this proposal must delegate UNI to themselves or a third party before the start of the vote.

It is reported that if you hold UNI but do not delegate it in time, you will not be able to vote. If the vote is passed, it will propose to further simplify the fee setting process, improve efficiency, reduce governance burdens, and maintain neutrality. In addition, the contract has passed three audits and no major issues have been found. The code library covers a $1 million bug bounty program.