• The Uniswap Foundation recently announced a bold plan to overhaul its governance model. The plan is to encourage active participation by UNI token holders by offering rewards for posting and delegating tokens. The initiative aims to improve the protocol's reward system and increase engagement and sustainable growth. By introducing new smart contracts and improving the reward collection and distribution system, the proposal has received widespread community support. After the announcement, the cryptocurrency community reacted positively and the value of UNI jumped

    by 60%.

The essence of the proposal is to improve the governance process by incentivizing #UNI token holders to become more involved. This strategy includes adjusting reward mechanisms and incentivizing a more active and responsible representative network. This approach is seen as critical to the continued success and expansion of the protocol. #Uniswap stated that "this enhancement is for the benefit of those who invest and delegate UNI tokens... ". It emphasized that. A decentralized, robust and active governance system is essential for the future prosperity of the protocol. We are confident that the changes will strengthen Uniswap's governance.

The Foundation is committed to ensuring that Uniswap remains a key player in internet liquidity by developing a governance model that is sustainable in the long term. Efforts to increase participation in governance, such as the delegate race and upcoming GovSwap events, are already having a positive impact. However, the problem of non-participation remains, which underscores the importance of this new governance initiative. The technical basis of this proposal is the creation of two new #smart contracts that can be easily integrated into Uniswap's existing blockchain-based system. These contracts are designed to collect and distribute rewards directly to active UNI holders, maintaining control over key aspects of the protocol and encouraging meaningful participation.

The timetable for the proposal calls for a snapshot vote on March 1 and a #blockchain vote on March 8. Just prior to the vote, UNI's price rose 60%, from $7.36 to $12.53. " The price of UNI rose 60% following a proposal to introduce a reward system for those who distribute and delegate tokens. It's not the first such proposal, but this attempt by Erin Cohen, head of Gov fund Uniswap, has resonated," said #DeFi analyst Ignas.

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