Summary
Uniswap is proposing a governance change to reward UNI token holders with protocol fees, leading to a surge in community support and potential revenue of $58 million. UNI’s price has also seen a 100% increase in the past month due to optimism surrounding the proposal. Analysts predict further upside potential for UNI.
Key Points
1. A new governance proposal for Uniswap seeks to redirect protocol fees to UNI token holders, democratizing the network and empowering users with decision-making influence.
2. Snapshot voting indicates overwhelming community support for the fee reward proposal, with over 10 million UNI tokens pledged to the upgrade, showcasing strong backing for the strategic move.
3. Analysis by Token Terminal reveals the substantial revenue potential for UNI holders from the proposal, with the activation of a 10% protocol fee potentially making Uniswap the 9th most revenue-generating protocol in crypto, between Optimism Mainnet and Avalanche.