Live trackerTreasury Timelock balance re-read from Ethereum RPC · last update May 24, 2026
MrNasdog Pressure Framework · Tier 1
UNI, monitored: clean today, waiting on the fee switch.
4-year vesting completed Sep 2024. No inflation enabled. No buyback enabled. The fee switch (positive) and the 2%/yr inflation (negative) are the two latent levers.
DAO Treasury (Ethereum RPC)
259.6M
UNI in the Treasury Timelock (~26% of total supply)
Total supply
1000M
Circulating
635.7M (63.6%)
DAO Treasury
259.6M
Inflation status
2%/yr available, never enabled
Fee switch
debated since 2022, never enabled
Price
$3.47
Sell signal
Protocol inflation
0 (not enabled)
Scheduled vesting
0 (done Sep 2024)
DAO Treasury
~259.6M
Tag BSell ledger structurally clean
Buy signal
Buyback
0 (fee switch off)
Burn
0
Protocol demand
~0
Buy ledger empty until fee switch
The two governance levers
Positive lever
Fee switch enablement
Routes a portion of LP fees to UNI holders or a buyback. Single biggest structural catalyst available — debated since 2022.
Negative lever
2%/yr perpetual inflation
UNI's mint() function lets governance enable 2%/yr inflation. Never enabled in 5+ years, but latent.
Confidence. High: total supply + Treasury Timelock balance (read on-chain). High: vesting completion date, fee switch + inflation governance status (per gov.uniswap.org). Foundation grants treasury balance separately funded; not address-enumerated.