Milk Road Crypto(@milkroaddaily):UNI has been a plain old governance token and nothing else for about seven years. Every dollar of its trading fees went to the people supplying liquidity, while holders got nothing but the right to vote on things. In December, that changed. Holders passed a proposal called UNIfication with 99.9% support, meaning the protocol now buys its own token on the open market and destroys it. Trading fees arrive as $ETH and $USDC, which is then used to buy and burn $UNI. Current estimates are projecting ~$90M a year in burns against a $3.2B market cap, or roughly 2.8% of the supply retired annually (better than the average S&P 500 buyback yield).

2026.08.31 18:02

UNI has been a plain old governance token and nothing else for about seven years. Every dollar of its trading fees went to the people supplying liquidity, while holders got nothing but the right to vote on things. In December, that changed. Holders passed a proposal called UNIfication with 99.9% support, meaning the protocol now buys its own token on the open market and destroys it. Trading fees arrive as $ETH and $USDC, which is then used to buy and burn $UNI. Current estimates are projecting ~$90M a year in burns against a $3.2B market cap, or roughly 2.8% of the supply retired annually (better than the average S&P 500 buyback yield).