The early white paper of UNI did mention the possibility of issuance expansion, with the general wording being: In August 2020, the token was launched, and after four years, that is mid-August 2024, if certain conditions are met, an issuance increase may be initiated. However, in subsequent official updates, this part was removed.

The current situation is: the supply is managed through a burning mechanism. Each burn permanently reduces the total circulating supply. At present, the total UNI has decreased to 899,786,421 tokens, and this number will only go down, not up.

Another aspect to pay attention to is the treasury. The official wallet still holds 264,634,857 UNI. Any action involving this reserve—whether selling off or increasing holdings—can be clearly seen on the blockchain. If you're interested in this, you can directly check the on-chain data and adjust your strategy accordingly.