Uniswap

Upon passing of the corresponding proposal, 16.7% of all newly generated fees (for 0.3% and 1% fee levels; 25% for 0.01% and 0.05% fee levels instead) are going into protocol fees instead of LP fees. Protocol fees will finance buybacks of UNI tokens, which are then burnt in order to generate a deflationary appreciation.

Represents value derived from directly or indirectly influencing the decision-making in the Uniswap DAO by delegating the voting power (without UNI alienation) to a suitable representative or voting manually instead.