- 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.
Biggest week in Uniswap Protocol Governance… ever?The post Uniswap Foundation’s Upgrade Proposal Still Remains Uncertain: Report appeared first on Coin Edition.I just proposed a large-scale upgrade to the system. Specifically, I believe we should upgrade the protocol so that its fee mechanism rewards UNI token holders that have stake…