Breaking Down Uniswap’s Fee Switch and UNIfication Proposal | Hayden Adams & Jesse Walden

Bullish:

• $UNI - Uniswap's massive $4 trillion trading volume with fee switches off represents untapped value potential. The unification proposal aligns Uniswap Labs' equity value with UNI token value through balance sheet holdings, creating a strong value accrual mechanism for UNI holders.

  • “The key idea here is that Labs is an equity entity whose primary sort of value accrual mechanism now, today, or if the proposal passes, is uni on the balance sheet.”

    Jesse·53:35

  • “Uniswap Protocol did $4,000,000,000,000 in trading during the period where the fee switch was off, which is a mind boggling number.”

    Hayden·49:30
• $DEFI - DeFi protocols are expected to control significantly more value and generate higher total business value over time compared to products and interfaces, representing a fundamental shift in value accrual within the DeFi ecosystem.

  • “The protocols themselves are probably going to be controlling way more value, make way more TBL over time.”

    Jesse·58:03