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The Uniswap Foundation has launched a new proposal to expand the scope of protocol fees and UNI destruction.
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Uniswap founder Hayden Adams stated that Uniswap's protocol fee mechanism is already running on nine blockchains and is designed to burn UNI. The Uniswap Foundation has initiated a new proposal to extend the V2 and V3 protocol fee mechanism to BNB Chain, Polygon, and Celo. This move will further increase the amount of UNI burned, reducing the total supply of UNI.