News

Jinse Finance reported that Devin Walsh, Executive Director and Co-founder of the Uniswap Foundation, together with Uniswap founder Hayden Adams, has officially proposed a joint governance proposal. This proposal aims to establish a long-term operational model for the Uniswap ecosystem, enabling protocol usage to drive UNI burning and allowing Uniswap Labs to focus on protocol development and growth. The main contents of the proposal include: · Enabling the Uniswap protocol fee switch and using these fees to burn UNI; · Including Unichain sequencer fees in the same UNI burning mechanism; · Establishing protocol fee discount auctions to increase liquidity provider (LP) returns while internalizing value that would otherwise go to MEV searchers; · Launching Aggregator Hooks to make Uniswap v4 an on-chain aggregator that charges fees from external liquidity; · Burning 100 million UNI from the treasury, representing the approximate amount that would have been burned if the fee switch had been enabled since the protocol's inception; · Allowing Labs to focus on protocol development and growth, including shutting off fee income from the interface, wallet, and API, and contractually committing to only engage in projects aligned with DUNI interests; · Migrating the ecosystem team from the Foundation to Labs, jointly aiming for 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.

Jinse Finance reported that Nasdaq-listed bitcoin mining company Bitdeer saw its third-quarter revenue surge by 174%. However, due to a non-cash loss from the revaluation of convertible bonds, the company posted a quarterly loss of $266 million, causing its stock price to plummet by 20%.