The Uniswap Foundation has disclosed that it holds $41.41 million in cash and stablecoins, along with 730,000 UNI tokens, as of the end of the first quarter.
According to the announcement, the Foundation has committed $4.34 million in new grants during this period and has disbursed $2.79 million in previously committed grants.
The cash and stablecoins are designated for funding and operational activities, while the UNI token is reserved for employee token rewards.
Source: Uniswap
The Uniswap Foundation has also announced that on-chain voting for a proposal to establish a new fee mechanism will take place before May 31. According to the Foundation, this proposal highlights an important step towards implementing fees Automatic fee collection and distribution in Uniswap v3 pools.
Once the proposal is approved, control of UniswapV3Factory on mainnet will be transferred to a new specially designed V3FactoryOwner contract, marking an important milestone in Uniswap's decentralized governance. However, the vote would not trigger fees, which will be addressed in a future proposal.
The Uniswap Foundation claims that the fee switch implementation will be done despite the US Securities and Exchange Commission's (SEC) Wells announcement against the DeFi protocol. The notice issued in April alleges that the company violated securities laws by operating as an unregistered securities exchange and broker.
Uniswap Labs claims that the SEC does not have the authority to regulate its decentralized protocol according to current legal classifications.
The company's response was timely, as the US House of Representatives prepares to vote on a bill — the Financial Innovation and Technology for the 21st Century Act — that could change how the SEC and Commodity Exchange Commission Future (CFTC) regulates crypto.
The SEC has been investigating Uniswap Labs, the main developer of Uniswap, since 2021. The decentralized exchange (DEX) previously removed several tokens from its platform, citing increasing regulatory pressure increase.
Uniswap's fee revenue has always been fully allocated to liquidity providers (LPs), who earn rewards for providing assets to the platform, supporting trading activity and market liquidity. .
However, the new proposal will share protocol fees with UNI token holders who stake or delegate their tokens, creating an incentive structure that rewards active participation and incentivizes contributions. Make a meaningful contribution to the Uniswap ecosystem.
Back in February, the Uniswap Foundation put forward a proposal to introduce a fee reward system to incentivize UNI token holders to participate more actively in governance decisions, thereby increasing community participation. contracts and decision-making processes.
Source: https://tapchibitcoin.io/uniswap-foundation-cong-bo-nam-giu-4141-trieu-bang-tien-mat-va-stablecoin-cung-730-000-token-uni.html
