🔎 The Uniswap Foundation is delaying a vote on the proposed “fee switch” for the $UNI token. This led to the $UNI token dropping 7% on Friday.

🔺If activated, the fee switch would direct a portion of Uniswap-generated revenue to certain $UNI investors.

🔻The #Uniswap DAO, the cooperative that governs Uniswap, has debated activating the fee switch for years.

🔻Earlier proposals have failed to advance, due to fears they would run afoul of US securities laws.

🔺The latest proposal was authored by the Uniswap Foundation, a nonprofit tasked with supporting the Uniswap exchange. The fee switch would divert a portion of the exchange’s revenue to certain $UNI investors.

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