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Uniswap proposes enabling protocol fees and burning $UNI from the treasury. The change would adjust the current 0.3% trading fee allocating 0.25% to liquidity providers and 0.05% toward $UNI buybacks. MegaETH Labs member BREAD posted a clean analysis - With Uniswap’s annualized fees around $2.8 billion, this could translate to roughly $38 million in $UNI buybacks every 30 days, putting it ahead of $PUMP ($35M) and just behind $HYPE ($95M).