{"id":10982,"date":"2024-02-23T19:08:32","date_gmt":"2024-02-23T17:08:32","guid":{"rendered":"https:\/\/forklog.com\/en\/uni-surges-55-following-proposal-to-share-fees-with-holders\/"},"modified":"2024-02-23T19:08:32","modified_gmt":"2024-02-23T17:08:32","slug":"uni-surges-55-following-proposal-to-share-fees-with-holders","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/uni-surges-55-following-proposal-to-share-fees-with-holders\/","title":{"rendered":"UNI Surges 55% Following Proposal to Share Fees with Holders"},"content":{"rendered":"<p>On February 23, the Uniswap Foundation, a non-profit associated with the DEX, unveiled a proposal to distribute protocol fees among UNI holders. The native token responded with a 54.5% increase, according to <a href=\"https:\/\/www.coingecko.com\/ru\">CoinGecko<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">? New Governance Proposal Posted ?<\/p>\n<p>UF Governance Lead <a href=\"https:\/\/twitter.com\/eek637?ref_src=twsrc%5Etfw\">@eek637<\/a> just posted a proposal to upgrade Uniswap Protocol&#8217;s governance system. Specifically, this upgrade would reward UNI holders who have staked and delegated their tokens.<\/p>\n<p>\u2014 Uniswap Foundation (@UniswapFND) <a href=\"https:\/\/twitter.com\/UniswapFND\/status\/1761029569983971567?ref_src=twsrc%5Etfw\">February 23, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>If the proposal gains support, rewards will be distributed to UNI holders who have staked or delegated their voting rights.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/KfnWQIL24tZ34Yyl472463w4e7qcbh9bUrwRbBMYUhUJ73_L6ix-7enjHXuSGNwNG6U938G60BQLtyPkH4g5JxBNbaasw4Q8p0_qD1v8mdUYlrR3kLFKKGJq4fTKsiS9jz8JahVUWh3E9mpv_VvSmUM\" alt=\"UNI Surges 55% Following Proposal to Share Fees with Holders\"\/><figcaption class=\"wp-element-caption\">5-minute UNI\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/VOr1bq2L\/?symbol=BINANCE%3AUNIUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>The proposed governance update aims to encourage &#8220;active, engaged, and thoughtful delegation&#8221; by linking the process to protocol fees.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;We believe UNI holders will be interested in selecting delegates whose votes and interaction with the protocol will lead to its growth and success,&#8221;<\/em> the document states.<\/p>\n<\/blockquote>\n<p>A voting snapshot will be taken on March 1, with the procedure commencing on March 8.<\/p>\n<p>For technical implementation, the Uniswap Foundation has funded the development of two new smart contracts for the project&#8217;s existing ecosystem. They are designed to:<\/p>\n<ul class=\"wp-block-list\">\n<li>upgrade protocol governance to enable fee extraction programmatically and without permission;<\/li>\n<li>distribute any fees proportionally among UNI holders who have staked and delegated their votes;<\/li>\n<li>allow governance to retain control over key parameters, including the list of pools from which fees are collected and their amounts.<\/li>\n<\/ul>\n<p>Back in August 2023, K33 analysts described Uniswap&#8217;s UNI token as &#8220;almost useless.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On February 23, the Uniswap Foundation, a non-profit associated with the DEX, unveiled a proposal to distribute protocol fees among UNI holders. The native token responded with a 54.5% increase, according to CoinGecko. ? New Governance Proposal Posted ? UF Governance Lead @eek637 just posted a proposal to upgrade Uniswap Protocol&#8217;s governance system. Specifically, this [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1391],"class_list":["post-10982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-uniswap-uni"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=10982"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/10981"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=10982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=10982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=10982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}