Uniswap Founder Submits Governance Proposal To Burn UNI — Token Jumps 50%
Uniswap is once again making headlines in the DeFi sector after Hayden Adams, founder and CEO of Uniswap Labs, announced a major governance proposal to activate protocol fees and align incentives across the Uniswap ecosystem. The announcement sent shockwaves through the market, with UNI’s price surging more than 50% in the hours following the news — reflecting renewed optimism among investors and traders. Related Reading: Anti-CZ Whale Flips Bullish On Ethereum: Now Up $15M On A $119.6M Long Position In a post shared on X, Adams reflected on Uniswap’s evolution: “Uniswap has been my....
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Dharma’s Uniswap governance proposal risks giving it too much power, according to critics in the community. Decentralized exchange Uniswap is currently undergoing its first governance vote, which was submitted by open-source lending protocol Dharma. But a number of community members have raised concerns that if successful, the proposal will hand Dharma too much control over the future direction of Uniswap.The proposal, for which voting ends on October 19, suggests a reduction in token governance and quorum thresholds. This potentially gives the top holders — of which Dharma is one —....
The foundation aims to streamline Uniswap's grants program and "reinvigorate governance." The $74 million plan by two former Uniswap Lab executives for a new Uniswap Foundation has just become reality after their proposal received over 99% of the votes from UNI token holders.According to the initial proposal, the foundation aims to streamline Uniswap’s Grant Program (UPG) and reduce friction in the protocol’s governance system. Former Uniswap Labs executive Devin Walsh, now serving as executive director of UF shared the results in a tweet on Aug. 24, noting that the proposal to create the....
According to a post on the MakerDAO Forum, the financial service protocol could replace its governance token MKR with a new token called stkMKR. The proposal was introduced to address the criticism around MKR’s tokenomics. Related Reading | Will Ethereum Give In To Bears? New MKR tokenomics could supplement and improve on previous benefits and incentives. The proposal emphasized that stkMKR will preserve MKR’s current burn mechanism and will allow users to claim their reinvest dividends and other payouts without spending funds on gas while keeping its tax efficiency. On previous....
Uniswap (UNI) ripped higher on Tuesday after Uniswap Labs founder Hayden Adams unveiled “UNIfication,” a sweeping governance proposal that would activate protocol fees and route them into coordinated token burns. The structural shift—combined with a sharp change in how Uniswap’s teams are organized, igniting an extremely bullish sentiment, with CryptoQuant CEO Ki Young Ju arguing that a real supply shock could be incoming. Uniswap (UNI) Supply Shock Incoming? “Uniswap could go parabolic if the fee switch is activated. Even just counting v2 and v3, with $1T in YTD volume, that’s about $500M....
The votes were staggeringly in favor, but a quorum was not reached, and Uniswap’s second-ever governance proposal has been defeated.