Uniswap Foundation postpones vote on incentives

Users imply that the unnamed VC firms actions had revealed its significant influence, which could be seen as a mistake, undermining the decentralized values.

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Uniswap reveals assets ahead of fee mechanism vote

During the first quarter, the foundation committed $4.34 million in new grants and disbursed $2.79 million in previously committed grants.

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Uniswap Foundation proposal approved, how will it affect the value of the UNI token?

Uniswap (UNI/USD) is essentially a decentralized exchange platform (DEX) purpose-built to enable peer-to-peer (P2P) market making.

The native cryptocurrency utilized to power this DEX is the UNI cryptocurrency that allows users to trade cryptocurrencies without reliance on any third party.

The proposal to create the Uniswap Foundation received a high level of support from a vast majority of community members and has paved the way for it to become real.

The proposal was put for voting from the span of August 17 to August 23 and required about 40 million votes for it to be approved. 

However, the proposal ended up receiving 86,298,595 votes that are for its creation, out of the required 40,000,000 votes, where only 770 were against. 

This Uniswap Foundation would essentially work towards the improvement of governance within the Uniswap ecosystem through the process of removing friction as well as reinvigorating grants to ambitious projects that will have an impactful result. 

On August 26, 2022, Uniswap (UNI) had a value of $6.836.

To get a higher level of perspective as to what this value point represents for the future of the UNI cryptocurrency, we will be going over its all-time high point of value and performance in July.

When we take a look at its all-time high, Uniswap reached a value of $44.92 on May 3, 2021.

When we go over the performance throughout the previous month, we can see that its lowest point of value was on July 2 at $4.7428.

However, its highest point of value was on July 28 at a value of $9.6101.

Here, we can see an increase in value of $4.8673, or 102%. 

With this in mind, investors might want to buy UNI at  $6.836, as it can increase in value to $10 by the end of August 2022.

The post Uniswap Foundation proposal approved, how will it affect the value of the UNI token? appeared first on Invezz.

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Uniswap Foundation proposal gets mixed reaction over $74M price tag

The largest DEX in the world could be supported by a new $74 million foundation if a new proposal from two community members passes a vote later this month.

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Uniswap Foundation Unveils Major Upgrade Plan, UNI Price Skyrockets 52%

Uniswap (UNI), one of the industry’s largest decentralized cryptocurrency exchanges (DEXs), has set the stage for a major shift in its ecosystem with a proposed upgrade that could have significant implications for UNI token holders.  The upgrade aims to bolster governance participation, enhance resilience, and reward token holders for active engagement within the Uniswap ecosystem. Uniswap Takes Big Leap In Governance Uniswap Foundation (UF) Lead Developer Erin Koen, while expressing his enthusiasm, has suggested that it has been the “biggest week in Uniswap Protocol Governance” and revealed a major upgrade proposal for the system. At the heart of the proposed upgrade lies a fee mechanism designed to reward UNI token holders who stake and delegate their tokens. As announced, by actively participating in the governance process, token holders can earn additional rewards in the form of protocol fees.  In addition to the enhanced rewards, the proposed upgrade seeks to fortify Uniswap Governance, making it more resilient and decentralized.  According to Koen, by increasing the number of actively involved token holders, the governance structure becomes more robust, ensuring that decisions align with the collective interests of the UNI community.  The proposed upgrade maintains governance control over core parameters such as fee-charged pools and fee magnitude. Token holders will collectively decide on these critical aspects, allowing for flexibility and adaptability in response to market dynamics.  Related Reading: Avalanche C-Chain Experiences Block Production Halt, AVAX Price Responds Beyond the immediate benefits, the proposed upgrade holds the potential for long-term value appreciation of the UNI token. By incentivizing participation and aligning token holders’ interests with the ecosystem’s success, Uniswap aims to foster organic growth and adoption.  Assuming a successful on-chain vote, the community will have the option to activate fees. Gauntlet, a trusted entity, is reportedly preparing a proposed roll-out process that will be shared on the forum.  Only after completing this separate governance process will fees be collected and distributed according to the adopted contracts. Koen further noted: Were excited to invigorate governance incentivizing not only delegation but thoughtful and active delegation by tying delegation to protocol fees. Specifically, we believe UNI token holders will be incentivized to choose delegates whose votes and engagement with the protocol will lead to the Protocols growth and success. If this proposal succeeds we believe we will see an influx of new delegations. UNI Records 23-Month High As these developments unfold, considerable excitement has emerged around the Uniswap protocol. Notably, a cryptocurrency investor named “Virtual Bacon” expressed enthusiasm, stating, “Uniswap finally proposes to share revenue with UNI token stakers. Chart exploding on this ‘proposal’ which hasn’t passed yet.”  Within 24 hours, the UNI token witnessed a surge of over 52%, signaling the market’s anticipation of the potential benefits this upgrade could offer token holders. Currently, the UNI token is trading at $11.29. However, with the unveiling of the upgrade proposal, the token quickly surged to the $12.50 level, reaching its highest point in 23 months.  The gains over longer time frames have also experienced a dramatic surge. Over the past fourteen days, the UNI token has seen an impressive increase of 73%. Similarly, the token’s value has soared by 94% in the last thirty days.  Related Reading: Cardano (ADA) Faces Critical Sell Signal: Crypto Analyst Raises Alarm Overall, should the proposed upgrade be approved and implemented, Uniswap will reinforce its position as a leading DEX and establish a framework that empowers token holders and fosters the continued growth and success of the Uniswap protocol. Featured image from Shutterstock, chart from TradingView.com

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Uniswap V4 Catalyst: UNI Token Primed For Growth As New Chain Launch Loom

Uniswap, one of the worlds largest decentralized exchanges (DEX), is poised for significant growth with the upcoming launch of its V4 upgrade. This anticipated update will introduce custom Automated Market Maker (AMM) functionality directly on top of Uniswap, eliminating the need for separate AMM designs. In addition, Uniswaps governance token, UNI, has seen notable growth, [...]

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