LPs think they'll lose out from the new revenue share by Uniswap's "UNIfication" proposal
It's actually the opposite, and here's why 👇
Instead of leaking value to MEV searchers and validators this proposal helps LPs will keep their capital productive
- Traders get faster and cheaper swaps with no extra wallet fees, smarter routing, and deeper liquidity
- And developers gain a flexible design space through v4 hooks and @unichain, letting them build strategies, automation tools, or yield products directly on top of @Uniswap
And if you hold $UNI, its value now ties directly to protocol revenue
Everyone gets a better system
This only makes sense when you look at v2 and v3.
Let’s go back for a second
In @Uniswap v2, only 1/6 of trading fees ever went to the protocol
Out of the 0.30% fee per trade, 0.05% went to Uniswap, and 0.25% stayed with #LPs
So LPs already kept most of the rewards
In v3, the structure is similar
For most pools (0.3% and 1% fee tiers), LPs still keep about 83% of total fees
Even for low-fee pools (0.01% and 0.05%) — usually stable pairs — LPs still keep 75%
So the "fee cut" sounds big, but the real impact is small
But the important part is the new Protocol Fee Discount Auction (PFDA)👇
Under #Uniswap's new Protocol Fee Discount Auction (PFDA),
LPs can now earn back value that used to go to MEV searchers and validators
In early simulations, PFDA adds $0.06–$0.26 in profit per $10k traded
For context, most LPs currently earn between –$1 and +$1 per $10k of volume
So even a $0.1 boost is meaningful
The PFDA could fully offset the fee share change, and even make returns slightly higher
This is a redistribution
LPs take a smaller share of fees, but the protocol keeps more value inside the system instead of leaking it to MEV
The pie gets bigger
And Uniswap’s next move strengthens $UNI itself
They're burning tokens again
100M $UNI are already gone (nearly 10% of supply), and future fees will buy and burn $UNI automatically
That's about $460M worth of $UNI burned per year, roughly 5% annual deflation
Less supply, stronger ties between trading volume and $UNI demand
In conclusion, the UNIfication proposal doesn’t weaken LPs
It redirects value that used to leak out of the system, strengthens $UNI through real revenue, and gives traders and builders a cleaner, more efficient foundation to operate on
The protocol keeps more of what it creates, LP returns stabilize, and $UNI becomes an asset tied to actual cash flow
It’s a step toward a tighter, more aligned @Uniswap where every part reinforces the others
Winter Soldier out!!
Great job Uniswap team: @ack_129, @BradBachu, @RenBesnard, @gretzke, @haydenzadams, @z0age, @chaserchapman, @Derekmw23, @alanhwu_, @ammori, @nikokampouris, @sarinadsi, @medhakothari, @CGkol, @trianglesphere
2,91 t.
11
Tällä sivulla näytettävä sisältö on kolmansien osapuolten tarjoamaa. Ellei toisin mainita, OKX ei ole lainatun artikkelin / lainattujen artikkelien kirjoittaja, eikä OKX väitä olevansa materiaalin tekijänoikeuksien haltija. Sisältö on tarkoitettu vain tiedoksi, eikä se edusta OKX:n näkemyksiä. Sitä ei ole tarkoitettu minkäänlaiseksi suositukseksi, eikä sitä tule pitää sijoitusneuvontana tai kehotuksena ostaa tai myydä digitaalisia varoja. Siltä osin kuin yhteenvetojen tai muiden tietojen tuottamiseen käytetään generatiivista tekoälyä, tällainen tekoälyn tuottama sisältö voi olla epätarkkaa tai epäjohdonmukaista. Lue aiheesta lisätietoa linkitetystä artikkelista. OKX ei ole vastuussa kolmansien osapuolten sivustojen sisällöstä. Digitaalisten varojen, kuten vakaakolikoiden ja NFT:iden, omistukseen liittyy suuri riski, ja niiden arvo voi vaihdella merkittävästi. Sinun tulee huolellisesti harkita, sopiiko digitaalisten varojen treidaus tai omistus sinulle taloudellisessa tilanteessasi.