**[Uniswap Labs and Foundation Propose Activating Fee Switch and UNI Burn Mechanism]** Foresight News reports that Devin Walsh, Executive Director and Co-founder of the Uniswap Foundation, along with Uniswap Founder Hayden Adams, has jointly proposed a governance proposal. The proposal aims to establish a long-term operational model for the Uniswap ecosystem, enabling protocol usage to drive UNI token burns and allowing Uniswap Labs to focus on protocol development and growth. The proposal includes the following: - Activating the fee switch for the Uniswap protocol and using these fees for UNI token burns. - Incorporating Unichain sequencer fees into the same UNI burn mechanism. - Establishing a protocol fee discount auction to enhance liquidity provider earnings while internalizing value that would otherwise go to MEV searchers. - Introducing Aggregator Hooks to make Uniswap v4 an on-chain aggregator, collecting fees from external liquidity sources. - Burning 100 million UNI tokens from the treasury (representing the approximate amount that would have been burned if the fee switch had been activated since the protocol's inception). - Refocusing Labs on protocol development and growth, including discontinuing fee revenue from interfaces, wallets, and APIs. - Migrating ecosystem teams from the Foundation to Labs, aligning efforts toward protocol success, with growth and development funding provided by the treasury. - Migrating governance-held Unisocks liquidity from Uniswap v1 on the mainnet to v4 on Unichain and burning LP positions to permanently lock the supply curve.