Uniswap Community Approves $165 Million Grants and Liquidity Incentives
The Uniswap community approved two governance proposals aimed at enhancing the Unichain network and Uniswap V4 protocol.
- Initiatives named "Uniswap Unleashed" include a new grants program and liquidity incentives.
- Plans for activating revenue, potentially leading to a fee switch benefiting UNI holders, were introduced.
- The foundation requested $95.4 million for the grants budget, $25.1 million for operations over two years, and $45 million for liquidity incentives.
- Both proposals received over 80% approval from UNI token holders.
- The fee switch could redirect some of the protocol's annual revenue exceeding $1 billion from liquidity providers to UNI holders without increasing user fees.
- The proposal to implement a legal entity for the Uniswap Foundation was included to facilitate contracts with other protocols.
Successful implementation may lead to a governance proposal allowing delegators to earn protocol revenue.