●• Protocol offers up to $15.5 million reward for identifying critical bugs
●• Deployment signals technical readiness for on-chain vote on fee activation
The Uniswap fee switch proposal contract has been officially deployed to the Ethereum mainnet. This deployment is a technical prerequisite for the upcoming governance procedures, signaling that the protocol is now technically ready for on-chain voting regarding the activation of the fee switch mechanism, a feature long anticipated by UNI token holders.
To ensure security prior to potential activation, a bug bounty program offering up to $15.5 million has been established. This reward is designated for identifying critical vulnerabilities in the code before the community vote proceeds. The deployment marks a tangible move toward potentially altering the protocol's revenue distribution model.