Posted 3/6/2024, 5:44:00 PM
Uniswap's UNI Token Surges 20% as Proposal Promises Rewards for Holders
- Uniswap's UNI token surged 20% as proposal to distribute protocol revenues to token holders nears approval
- Proposal could pay out $62M-$156M per year to UNI holders if approved
- UNI has more than doubled in price since revenue-sharing proposal was submitted on Feb. 23
- Uniswap's model could inspire other DeFi protocols to adopt similar reward schemes
- Token rewards models may draw regulatory scrutiny if deemed securities under Howey test
