Uniswap executes 100M UNI burn after governance approval
Uniswap has executed a major token burn following the approval of its long-anticipated fee burning proposal, removing 100 million UNI, worth roughly $596 million at current prices, from the protocol’s treasury.
To support this plan, the Uniswap Foundation intends to create a Growth Budget that will distribute 20 million UNI tokens to fund development and expansion across the Uniswap ecosystem.
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