UNI token holders approve $165.5 million in new foundation funding to lay the groundwork for the "fee switch."

【UNI token holders approve $165.5 million in new foundation funding, laying the groundwork for the "fee switch"】On March 20, news emerged that the Uniswap community has voted in favor of two governance proposals aimed at promoting the development of the recently launched Unichain Layer 2 and Uniswap v4 protocols through a new funding program and other liquidity incentives. Notably, this governance decision lays the foundation for activating the long-committed "fee switch." The Uniswap Foundation wrote on the social media platform X that these two proposals are part of the "Uniswap Unleashed" initiative, aimed at expanding the Uniswap ecosystem and marking "the beginning of the next era for our community," by unlocking "new opportunities to build, grow, create, and capture value." According to the proposals, these liquidity incentives were created in collaboration with the Uniswap Foundation and the web3 risk management protocol Gauntlet, and will attract new users and sustain ecosystem growth through developer-centric activities. The foundation requested an investment of $95.4 million into its funding budget, along with an additional $25.1 million for operational funding over the next two years. In another incentive proposal, the foundation requested a budget of $45 million to support liquidity incentives. Gauntlet has deployed and configured an Aera vault for the Uniswap Foundation on the mainnet, which will inject over 7.5 million UNI tokens, valued at approximately $52 million at current prices. The proposal stated: "We recognize and appreciate the scale of this request. It reflects an investment in the success of the Uniswap protocol and Unichain, as well as an investment in the value of the Uniswap community." As for the fee switch, it will be implemented after the Uniswap Foundation decides to take the necessary legal steps to allocate protocol fee revenue to governance members. The proposal noted: "If approved, this step will pave the way for the potential introduction (or reintroduction) of governance proposals that would allow delegators to earn protocol revenue."