The Uniswap Foundation plans to launch on-chain voting at the end of this month, aiming to reward UNI holders who have staked and delegated tokens

ChainCatcher news, the Uniswap Foundation announced on platform X that it will launch an on-chain vote 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 participating in this proposal must delegate their UNI to themselves or a third party before the voting begins.

It is reported that if holders of UNI do not delegate in time, they will not be able to vote. If the vote passes, it will propose to further simplify the fee setting process, improve efficiency, reduce governance burden, and maintain neutrality. In addition, the contract has passed three audits with no significant issues found, and the codebase is covered by a $1 million bug bounty program.