Uniswap

Explore Uniswap (UNI) token rights, holder benefits, governance power, and revenue distribution on DefiLlama.

Uniswap (UNI) Token Rights & Governance

Portion of swap fees, 85% of sequencer revenue, Protocol Fee Discount Auctions & Aggregator hooks go to UNI burns as of December 2025

UNI holders vote on protocol upgrades, fee parameters, treasury actions, growth budgets, and product rollouts. Proposal creation requires 1M UNI delegated, 40M UNI quorum to pass. All core contracts (V2, V3, V4) are non-upgradeable, only the governance module itself is upgradeable via Timelock.

UNI is a governance token that allows holders to propose and vote on upgrades, parameter changes, and fee structures