Posted 2/23/2024, 5:43:47 PM
Uniswap Proposes Staking Rewards to Boost Governance Participation, Sending UNI Price Up 50%
- Uniswap (UNI) price surges over 50% after proposal for staking rewards to incentivize governance participation
- Proposal made by Uniswap Foundation to overhaul protocol governance system
- Stakers who delegate tokens would receive rewards for "active, engaged, and thoughtful delegation"
- Uniswap is largest decentralized exchange (DEX) with nearly $877M volume in past 24 hours
- Governance vote on proposal scheduled for March 1