đ¨Uniswap Price Skyrockets After Foundation Proposes Long-Awaited Staking Rewards
â Decentralized exchange Uniswap may soon have an upgrade to reward holders of governance tokens. The price of UNI has surged as a result.
â Uniswap (UNI) has surged in price following a proposal by the Uniswap Foundation to overhaul the protocol's governance system. The 16th-largest cryptocurrency by market cap is up by just over 50% in 24 hours, according to CoinGecko. Its price now stands at $11.20.
â That jump makes it the best performing token today among the top 100 cryptocurrencies. The reason is due to a proposed "large-scale upgrade to Uniswap protocol governance to incentivize active, engaged, and thoughtful delegation," developers said.
â In short, users who stake their tokensâthat is, pledge them to the networkâwill receive rewards.
