Posted 2/23/2024, 2:54:00 PM
Uniswap Considers Overhauling Governance to Reward UNI Token Holders
- UNI token jumps 60% after proposal to overhaul Uniswap's governance and reward token holders
- Proposal submitted by Uniswap Foundation's Erin Koen to "strengthen and invigorate" governance
- Would distribute protocol fees to UNI holders who stake and delegate tokens
- Marks departure from last year's rejected proposal to reward holders with fee revenue
- If approved, would enable permissionless collection of fees to distribute to participating UNI holders