Uniswap Opens Voting on Fee-Sharing Proposal, UNI Price Surges
The price of Uniswap’s governance token UNI continues its impressive rally as the decentralized exchange (DEX) opens voting on a proposal to share revenue with users staking UNI.
Background on the Proposal
As reported by Coin68, Uniswap recently proposed a groundbreaking idea in the DeFi space: sharing fees with users. This proposal aims to reward those who have delegated or staked their UNI tokens.
Market Reaction
Upon the announcement, the price of UNI surged more than 80%, marking a significant upward trend with towering green candles.
Today, the price continues to climb as voting on the proposal begins. UNI holders can cast their votes from 08:30 AM on March 2 to 08:30 AM on March 7, Vietnam time.
Voting Details
There are three voting options: Agree, Disagree, and Abstain. So far, 100% of the votes are in favor of the proposal, indicating a high likelihood of approval. This has led to a frenzy of UNI accumulation as the community prepares to stake their tokens for rewards.
Current Price Movement
UNI recently hit a high of $13.5 before slightly retreating to around $12.8. Over the past 24 hours, the governance token has increased by nearly 20%.
Price Chart
The proposal’s approval seems imminent, which could further boost UNI’s price as more users stake their tokens in anticipation of rewards.
