UN

UNI

UNI is the governance token of the Uniswap DAO, the DAO governing the Uniswap protocol - the largest decentralised exchange in DeFi.

Last updated: 4 Feb 2026 by
ArAragon Developers

UNI holders maintain ultimate control through onchain voting. The token is immutable with a hardcoded 2% annual inflation cap. All core contracts (V2, V3, V4) are non-upgradeable with no pause/freeze functions.

Protocol fees flow to governance-controlled destinations through TokenJar and FirePit burn mechanism. Treasury is entirely controlled by token holders.

UNI token source is publicly available on GitHub and verified on Etherscan. Uniswap V2, V3, V4, and UniswapX protocol contracts are open source and verified.

Core trademark rights (UNISWAP, UNI, UNISWAP LABS) are held by Universal Navigation Inc. (Uniswap Labs). DUNI has a limited, non-exclusive trademark license but no ownership transfer has occurred. Uniswap Labs operates a user interface and API, but the permissionless smart contracts allow anybody to operate one.

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