This proposal aims to strengthen #Uniswap's governance by incentivizing active delegation through an upgrade to the protocol's fee mechanism. #UNI token holders who delegate and stake their tokens will be rewarded. The #UniswapFoundation (UF) has worked on improving the delegation experience and is introducing new smart contracts, #V3FactoryOwner.sol and #UniStaker.sol, to enable permissionless fee collection and pro-rata distribution to stakers. The proposal outlines a detailed implementation timeline and emphasizes the importance of community involvement in the governance process.
Advantages of the Upgrade:
1. Incentivizing Active Delegation: The upgrade encourages UNI token holders to actively participate in governance by staking and delegating their tokens, fostering a more engaged and thoughtful decision-making process.
2. Long-Term Sustainability: Success in Uniswap governance is defined as the long-term sustainability and growth of the protocol. The upgrade aims to contribute to the protocol's longevity by aligning incentives with actions that support its success.
3. Improved Delegation Experience: Over the past year, the UF has prioritized enhancements to the delegation experience, providing opportunities for delegates to launch platforms, access information, and participate in events like GovSwap, fostering a more inclusive and informed governance community.
4. Addressing Challenges: The proposal addresses challenges such as free-riding and apathy, which pose risks to the sustainability of Uniswap. By tying delegation to protocol fees, the upgrade seeks to mitigate these risks and promote more active participation.
5. Community Empowerment: The proposal highlights the importance of community involvement, providing a transparent and inclusive governance process. The UF acknowledges the contributions of various grantees and encourages UNI token holders to play an active role in the decision-making process.
6. Proactive Risk Management: The proposal includes security measures such as audits and bug bounties to ensure the reliability and robustness of the new smart contracts. The UF is actively seeking input from the community to address potential risks and concerns.
7. Flexibility and Control: The upgrade maintains governance control over core parameters, allowing flexibility in determining which pools are charged fees and the magnitude of those fees. This ensures that the community retains control over critical aspects of the Uniswap protocol.
8. Protocol Fee Activation: While not implemented immediately, the proposal sets the stage for future proposals to activate Uniswap Protocol fees, providing a framework for careful consideration of the impact on liquidity and trade execution.
In summary, the upgrade aims to create a more vibrant and sustainable governance ecosystem for Uniswap by aligning incentives with active participation and thoughtful delegation, addressing existing challenges, and fostering community empowerment.

The Uniswap proposal involves distributing a portion of the commissions. And which it charges from exchange pool liquidity providers to the UNI token holders involved in managing the protocol
The management token of leading decentralized exchange Uniswap (UNI) rose 70% in just an hour and a half on February 24. And reaching the maximum since April 2022. This happened after the developers suggested sharing the service's revenue with token holders.
The UNI token is the management token of Uniswap, the largest decentralized cryptocurrency exchange by capitalization. Its holders can participate in the management of the protocol through voting on various community proposals. Right now, the UNI token is trading at $10. But trading volumes dropped by more than 50% a day after the initiative appeared. The total value of blockchain assets on Uniswap exceeds $5 billion.
Uniswap Foundation announced a new motivational strategy for UNI token holders. The company plans to distribute commissions from protocol transactions to UNI token holders. And actively participating in the protocol management process. Key parameters related to commissions will continue to be controlled by the Uniswap Foundation itself.
Devin Walsh, executive director of the Uniswap Foundation, said the proposal aims to incentivize active delegation (of votes). And which will lead to the long-term success and sustainability of the protocol.
This isn't the first time the idea itself has been brought up for discussion, but this is the time when it could actually be implemented. According to Blockworks analyst Matt Feibach, it is unlikely that the Uniswap Foundation would have taken such a step without carefully assessing the sentiments of the largest token holders.
The idea of sharing profits with token holders immediately resonated with other projects. Following Uniswap, the Frax Finance protocol team is going to put a proposal to the community to vote on the distribution of the protocol's revenues among the holders of the project's derivative tokens. Following the publication that Frax plans to follow Uniswap's lead, the FXS token reacted with a short-term rise of 16%.
Our experts also note that the founder of the largest NFT platform Blur and the new blockchain ecosystem Blast under the pseudonym Pacman is also interested in the implementation of a user reward mechanism. And like Uniswap: he stated that the Blur community should follow their lead. The Blur token reacted to the publication by growing by more than 10%.
$UNI #UniswapFoundation #UNI

The cryptocurrency market continues to experience significant volatility, with Bitcoin dipping below $53,000 and struggling to regain that level. Market sentiment has fallen to a one-month low as analysts caution about a potential price correction that could see Bitcoin drop below $50,000.
In other news, Telegram founder Pavel Durov has spoken out for the first time since his high-profile arrest in France last month. He expressed surprise at the arrest, noting that Telegram has an official EU representative to handle regulatory requests and law enforcement inquiries.
Meanwhile, El Salvador is celebrating the third anniversary of its decision to adopt Bitcoin as legal tender.
To keep you in the loop, we've gathered six of the most important crypto stories from the past week. Check 'em out below!
For transparent and decentralized crypto trading and to list your crypto token for free, visit our website and follow Melega Finance (@meleganews) on X for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (September 1-7, 2024)
●      Ripple Co-Founder Endorses Kamala Harris for President
●      CFTC Charges Uniswap for Illegal Derivatives Trading
●      CZ Banned from Managing Binance as Part of Plea Deal
●      Polygon’s MATIC Upgraded to POL, Boosting Token Utility
●      MEV Bot Takes $12M Loan, Earns Only $20
●      Telegram Disables People Nearby” Feature Amid Safety Concerns
Ripple Co-Founder Endorses Kamala Harris for President
Ripple co-founder and executive chairman Chris Larsen has endorsed Vice President Kamala Harris for the 2024 presidential election. Larsen signed a letter alongside 88 U.S. corporate leaders supporting Harris, including prominent figures like Box CEO Aaron Levie and Yelp CEO Jeremy Stoppelman. This endorsement follows the earlier move by former Ripple board member Gene Sperling, who left the White House in August to join Harris' campaign. The impact of the 2024 election on the crypto industry remains a subject of keen interest.
CFTC Charges Uniswap for Illegal Derivatives Trading
The U.S. Commodity Futures Trading Commission (CFTC) has charged Uniswap Labs for offering illegal leveraged cryptocurrency trading to retail investors. Uniswap settled by paying a $175,000 fine and agreed to stop violating the Commodity Exchange Act. Two CFTC commissioners dissented despite the settlement, criticizing the enforcement as overreach. Commissioner Summer Mersinger called for clearer guidance for DeFi compliance, while Commissioner Caroline Pham questioned the evidence used in the case. Uniswap is one of the largest decentralized exchanges, managing $4.3 billion in assets.
CZ Banned from Managing Binance as Part of Plea Deal
Changpeng “CZ” Zhao, former CEO of Binance, has been permanently banned from managing the crypto exchange as part of a plea deal with U.S. authorities. The deal, part of a $4.3 billion settlement announced in November 2023, also required Zhao to step down as CEO and pay $50 million in fines. He pleaded guilty to one felony charge related to violations of the Bank Secrecy Act. Zhao’s replacement, Richard Teng, confirmed the lifetime ban, which exceeded the previously rumored three-year restriction.
Polygon’s MATIC Upgraded to POL, Boosting Token Utility
Polygon has upgraded its native cryptocurrency, MATIC, to a new token called Polygon Ecosystem Token (POL) on a 1:1 basis. This change, effective from September 4, positions POL as the network’s gas and staking token. Polygon Labs CEO, Marc Boiron emphasized that POL is now a "hyperproductive" token, generating fees from multiple sources beyond staking and gas, thus enhancing community participation in network growth. This upgrade is a key part of the broader Polygon 2.0 vision, aimed at providing "infinite scalability" across blockchains.
MEV Bot Takes $12M Loan, Earns Only $20
An "unlucky" MEV (Maximum Extractable Value) bot took out a $12 million flash loan in Wrapped Ether (WETH) to execute a sandwich attack on a user trading $5,000 worth of Shuffle tokens. Despite undertaking 14 transactions across decentralized platforms Aave and Uniswap, the bot barely made a $20 profit after gas fees. The attack, completed in about 12 seconds, highlights the risks of sandwich attacks, where bots manipulate transaction prices. In this case, the bot's effort fell below expectations.
Telegram Disables People Nearby” Feature Amid Safety Concerns
Telegram founder Pavel Durov announced on Sept. 6 that the platform is disabling its "People Nearby" feature, citing security concerns after reports of its misuse by malicious actors. This change is part of a broader effort to improve Telegram's content moderation and safety. While Durov emphasized that only a small fraction of users exploited these features, he acknowledged the disproportionate risk posed to the wider community. The personal geolocation tool will be replaced by a “businesses nearby” option to enhance user privacy and security.
NEWS FROM THE MELEGASWAP ECOSYSTEM
BabyMarco (BabyMarco) Farm & Pool Listed on MelegaSwap
The Baby Token of the MelegaSwap ecosystem that rewards holders with $MARCO and much more.
$SCOOP Presale is live on MelegaSwap 
Fatman Scoop (SCOOP) on BNB CHAIN is a meme token that is a tribute to a Hip-Hop icon who, with his characteristic hype, makes and will make the world dance for generations.
WAXCHAIN (WAX) Farm & Pool Listed on MelegaSwap
WAXCHAIN is not just about a token but about building a comprehensive ecosystem that supports secure, efficient, profitable, humanitarian support and entertaining digital communications.
MelegaSwap Secured a Top Tier Marketing Partnership with the $FARM Project
A MULTICHAIN project designed to bring the value and importance of agricultural work to blockchain to support the sector and its operators with the new opportunities digital asset technology offers.
TONGUE (TONGUE) Farm & Pool Listed on MelegaSwap
Unprecedented viral power. Apply $TONGUE to any photo of personalities or coins and prepare to rule in the meme coin season.
•••
Risk warning: Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.

#MelegaSwap #melega #melegamarco #czprison #UniswapFoundation