Uniswap Executes Historic $600 Million UNI Burn as Price Surges
Uniswap Labs permanently burned 100 million UNI tokens valued at $600 million on December 27. The move executed the on-chain portion of a governance plan designed to closely link the protocol’s revenue to the token’s value. UNI Rallies 6% After Labs Confirms Deflationary Pivot Uniswap Labs carried out the burn under “UNIfication,” a proposal introduced...
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