Uniswap proposes expanding UNI buyback and burn mechanism

Uniswap has put forward a governance proposal to expand its protocol fee-based UNI buyback and burn mechanism to the BNB Chain, Polygon (POL), and Celo (CELO) networks. The proposal will utilize an expedited process introduced through a governance overhaul known as "UNIfication." Under this new procedure, proposals related to fee updates will bypass the standard Request for Comments (RFC) stage and proceed directly to a five-day Snapshot vote, followed by an on-chain governance vote.