Uniswap Labs proposes to extend the UNIfication burn program to v4 liquidity pools

Uniswap Labs has proposed expanding the UNIfication burn plan to Uniswap v4 liquidity pools, requesting UNI holders to approve collecting protocol fees from certain v4 pools and allocating a portion of the income to repurchase and burn UNI tokens. The snapshot vote will take place from July 7 to 12. The UNIfication plan is currently active on 11 chains, aiming to boost token value by distributing protocol revenue to stakers and burning tokens. If the v4 expansion proposal is approved, the deflationary mechanism for UNI tokens will be strengthened. The community response is generally positive, though some small liquidity providers are concerned that increased protocol fees might affect their returns. According to Cryptopolitan.