The growth budget needs to be reviewed, and it can also be seen on-chain. As long as it hasn't started selling, it is deflationary.

#UNI $UNI Explain that the 20 million UNI is not a new issuance, but rather the latest destruction proposal where 20 million is allocated annually from the treasury to the project party for growth funds, jointly managed by the project party and DAO organization, and the on-chain voting content can be checked.
Additionally, if there were any new issuances, it could have been checked on-chain long ago. In 2024 or 2025, a proposal was passed to stop the annual issuance of 2% of UNI; otherwise, the total amount would have been 1.02 - 1.04 billion this year.
All the above information can be verified on-chain.