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
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