The Uniswap community has overwhelmingly approved a proposal to reward UNI token holders who stake and delegate their tokens, marking a significant governance decision. With over 10 million UNI tokens pledged in support of the upgrade, which aims to revitalize the protocol’s decision-making process, it has received overwhelmingly positive feedback.
A historic vote establishing new governance to reward UNI holders Previous Example
The proposal, which makes it easier for protocol fees to be collected independently and systematically, marks a revolutionary shift in Uniswap’s governance structure. UNI holders who have proactively staked and delegated their votes will receive these on a pro rata basis.
By encouraging UNI holders to engage more actively, this project seeks to revitalize the protocol’s governance and foster a more robust and decentralized ecosystem for decision-making. Strong community support for the effort, which aims to incorporate a new rule into the UniswapV3Factory contract, is evident from a snapshot of the voting results.
On March 2, 2024, UNI/USD.
This upgrade attempts to improve the governance system, giving UNI holders more control over the protocol’s future direction, in addition to allocating protocol fees to involved UNI holders. Erin Koen, the governance lead for the Uniswap Foundation, emphasized that the purpose of the proposal is to incentivize people who actively participate in the protocol’s governance by staking and delegating.
with a clear implementation roadmap and unanimity from the voting community. The upgrade vote comes after Uniswap introduces additional improvements to the decentralized finance (defi) protocol, along with limit orders and a wallet extension.
In addition, Uniswap has released transaction logs, real-time charts, token and pool websites, and pool statistics. UNI is currently the eighteenth-largest cryptocurrency asset by market capitalization, having increased by 7.8% in the last day and by 11.8% in the previous week. The value of UNI relative to the US dollar has increased by 110% in the last month.
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