The latest governance proposal vote for UNI has concluded. As of December 22, the on-chain voting data is clear: 62 million votes in favor, only 740 votes against, and 1.5 million abstentions.

From this situation, it is clear that the proposal has been set in stone. Why am I so certain? We need to understand the rules of UNI voting. In order for a proposal to take effect, the number of votes in favor must exceed 40 million - anything less is considered invalid. Secondly, the votes in favor must also be greater than the number of votes against for it to be truly passed. Current data shows that both conditions are well met, so the approval of the vote ✅ has become a foregone conclusion.

The proposal will be executed about two days after approval, which means that after the voting ends at midnight on the 26th, a major action for UNI will be launched around December 29th: 10% of the total platform supply (100 million UNI) will be burned, and the fee switch mechanism will be activated. In the future, 0.05% of the fees generated from platform transactions will be used for buyback and burn. Considering that UNI's annual transaction volume is in the range of 80 trillion, this mechanism will provide good long-term support for UNI.