Uniswap's Governance Token UNI Surges Following Proposal to Overhaul Governance System

According to CoinDesk, decentralized lending protocol Uniswap's governance token (UNI) experienced a significant increase of up to 50% on Friday. The surge followed a proposal submitted by Uniswap Foundation's governance lead, Erin Koen, to revamp the protocol's governance system. The proposed upgrade aims to reward UNI holders who have staked and delegated their tokens. The Uniswap Foundation shared this information in a post, which was edited by Sheldon Reback.

$UNI