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🪙 Uniswap surges 60% after proposing fee reward mechanism for holders
Decentralized exchange (DEX) Uniswap’s native token UNI climbed 60% on Feb. 23 to a two-year high of $12.48 following a governance proposal to introduce a fee reward mechanism for holders.
UNI was last trading at these price levels in January 2022. The primary driver behind the price rise is a new proposal to overhaul the DEX’s governance system.
It aims to tackle the crucial issue of low engagement and “stale” delegation by directly incentivizing active participation.
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