吴说区块链|11月 18, 2025 06:03
《Analysis of Uniswap's Unification Proposal and the Value of the CCA Auction Protocol》 (Author: 十四君)
Uniswap introduces 'UNIfication,' enabling protocol fees and combining them with Unichain Sequencer transaction fees to burn UNI. It also introduces Protocol Fee Discount Auctions (PFDA) to internalize MEV and proposes retroactive burning of 100 million UNI. The goal is to directly anchor protocol usage to token scarcity and cash flow. While user-side fees are reduced, LP earnings are diluted. We'll need to observe whether PFDA and trading depth can compensate for this.
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