Driven by positive news regarding the fee switch, UNI surged over 8% in a short period
BlockBeats News, August 12 — According to market data from a certain exchange, UNI surged over 8% in a short period due to positive news related to the fee switch, and is now quoted at $11.8.
As previously reported by BlockBeats, the Uniswap Foundation recently proposed establishing a new legal entity called "DUNI" for its governance organization under the Wyoming "Decentralized Unincorporated Nonprofit Association" (DUNA) legal framework. In its announcement, the Uniswap Foundation stated that adopting the DUNA framework would pave the way for enabling protocol fees, at which point a portion of liquidity provider fees would be directed to the DAO treasury.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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