All July Defi Governance Proposals

Tracking active/recent DAO proposals that change fee routing, token burns, or holder-revenue accrual across protocols with market cap above $100M. Six qualifying protocols surfaced live proposals this cycle: Uniswap (v4 protocol fee activation + UNI burns), Curve (crvUSD fee-split rebalancing between veCRV holders and scrvUSD), PancakeSwap (stablecoin fee treasury retention, CAKE burn untouched), Compound (IRM revenue-mix shift on Optimism), Aave (asset listing framework), and Convex (delegate vote on Curve Ownership DAO). Data as of 2026-07-13.

Uniswap Labs proposed (July 7) activating protocol fees on v4 pools across 11 chains — a 93%+ Snapshot approval. By July 12, protocol fees were already switched on and UNI is being actively burned; founder Hayden Adams confirmed the mechanism is live even though many holders were unaware. Three related proposals remain under active vote: (1) fee expansion to Robinhood Chain (v2/v3), (2) v4 fee activation confirmation, (3) fee-bridge cleanup on xLayer/Avalanche/MegaETH/Soneium. This is the most significant token-holder-value-accrual change of the cycle for a top-10 mcap protocol. [Source: gov.uniswap.org, The Defiant, Odaily — unverified beyond cited reports]

Curve DAO has repeatedly rebalanced crvUSD minting-fee distribution between scrvUSD depositors and veCRV (holder) revenue: Vote 1340 raised the scrvUSD share from 50%→80% to defend the peg, then Vote 1385 reverted it back to 50/50 once the peg stabilized — directly increasing veCRV holder revenue again. Separately, live Snapshot votes this week (Concentrator/sdCRV-Governance) propose redirecting L2 crvUSD fees (Arbitrum/Base) to the Curve DAO treasury and raising the LlamaLend v2 admin fee from 1%→10% on three Optimism markets — both are direct holder-revenue-accrual mechanics. [Source: news.curve.finance monthly recaps, unverified beyond cited reports]

PancakeSwap's core dev team ("The Kitchen") proposed retaining stablecoin-pair fees in native stablecoin form for the treasury instead of converting to CAKE, across v2/v3/StableSwap/Infinity. Non-stablecoin fees still convert to CAKE and feed the existing buyback-and-burn — so CAKE holder tokenomics are explicitly untouched for now, though analysts flag scope-creep risk if future proposals extend the logic to other fee categories. [Source: PancakeSwap governance, CryptoBriefing — unverified beyond cited reports]

Gauntlet's queued proposal raises the Optimism USDC/USDT comet borrow-rate base from 1.5%→3.0% and flattens the sub-kink slope. This shifts protocol earnings toward steady interest income and away from liquidation-revenue reliance — a revenue-mix change, not a token-holder-accrual or burn mechanism. Included here for completeness since it's an active parameter-governance proposal on a >$100M-mcap lending protocol.

Mcap figures per DefiLlama warehouse, 2026-07-13. Protocols below $100M mcap with related proposals this cycle (Metronome $8.6M, ZyFAI $1.1M, Stake DAO $6.2M, Ambire $9.9M) were excluded per the mcap threshold.