Uniswap Proposes to Reward UNI Token Holders in Major Governance Overhaul

Twitter icon  •  Published vor 1 Monat  •  Hassan Maishera

The Uniswap Foundation submitted a proposal to its community members that seeks to overhaul Uniswap’s governance ecosystem.

The Uniswap Foundation submitted a proposal to its community members that seeks to overhaul Uniswap’s governance ecosystem. The foundation said the proposal aims to strengthen and invigorate" Uniswap's governance and also would reward UNI token holders who staked and delegated their tokens.

If the proposal is approved, it would enable the permissionless and programmatic collection of protocol fees, and distribute them pro-rata to UNI token holders who have staked and delegated their votes.

Uniswap is a decentralized exchange protocol built on Ethereum. To be more precise, it is an automated liquidity protocol. There is no order book or any centralized party required to make trades. UNI, the native token of Uniswap, is currently trading at $10.884, up by 3% in the last 24 hours.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.