Activate Uniswap Protocol Governance
AI summary of the linked articleThe Uniswap Foundation proposes upgrading Uniswap protocol governance so that protocol fees are distributed to UNI token holders who have staked and delegated their tokens. The proposal would deploy two new contracts, V3FactoryOwner.sol and UniStaker.sol, and make V3FactoryOwner the owner of the UniswapV3Factory, enabling programmatic fee collection. Under the described mechanism, third parties would pay 10 WETH to collect a pool's accrued fees once they exceed that amount plus gas. A Snapshot vote is scheduled for March 1, 2024, and an on-chain vote for March 7 or 8, 2024, with governance still controlling whether fees are turned on and at what level. Scopelift designed and wrote the two contracts, and Gauntlet is preparing a separate roll-out process for turning fees on. |
Recommended by 4 curators |
2 comments timSubmitter Apparently this proposal made UNI's price jump by 50% just now: https://www.coindesk.com/markets/2024/02/23/uniswaps-uni-jumps-50-on-proposal-to-upgrade-governance I've heard conversations about sharing % of revenue with UNI token holders for a long time. Wondering if this will finally happen, the market bets that it does. |
More from gov.uniswap.org on Kiwi News |
