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Uniswap Foundation’s Upgrade Proposal Still Remains Uncertain: Report

Published 02/27/2024, 01:39 PM
Updated 02/27/2024, 01:45 PM
Uniswap Foundation’s Upgrade Proposal Still Remains Uncertain: Report

  • The Uniswap Foundation proposes to upgrade the Uniswap Protocol Governance, incentivizing active delegation.
  • Colin Wu estimates that the upgrade will bring $62.62 million to $156.5 million in annual dividends to UNI holders.
  • While Uniswap Labs hasn’t responded to Uniswap Foundation’s proposal, its passage remains uncertain.

The Uniswap Foundation’s proposal to upgrade the Uniswap Protocol Governance has stirred the community concerning the foundation’s focus on converting the UNI token into a utility token. Chinese crypto reporter Colin Wu’s Wu Blockchain page recently published a blog post clarifying the key aspects of the proposal.

On February 23, Uniswap Foundation’s governance lead, Erin Koen, took to X to introduce the proposal that intends to incentivize active, engaged, and thoughtful delegation. According to him, the proposal, if approved, would help increase the resilience and decentralization of the foundation.

The post Uniswap Foundation’s Upgrade Proposal Still Remains Uncertain: Report appeared first on Coin Edition.

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