Uniswap's UNI Jumps 60% on Proposal to Reward Token Holders in Major Governance Overhaul
The upgrade would reward UNI token holders who staked and delegated their tokens, according to the proposal.
Uniswap's governance token UNI gained 60% after a proposal by a key Uniswap Foundation leader to overhaul the protocol's decision-making.
The proposal would distribute protocol fees among UNI holders who stake and delegate tokens to rejuvenate the protocol's decision-making.
Decentralized exchange Uniswap's governance token (UNI) jumped Friday as much as 60% after a proposal to overhaul the protocol's governance system, submitted by Uniswap Foundation's governance lead, Erin Koen.
The proposal aims to "strengthen and invigorate" Uniswap's governance, and also would reward UNI token holders who staked and delegated their tokens.
"I believe we should upgrade the protocol so that its fee mechanism rewards UNI token holders that have staked and delegated their tokens," Erin Koen wrote in an X post.
source:- CoinDesk
