UNI's new life or fake dinner?
On May 25, $UNI suddenly rose by more than 15 points, breaking through $10, and the increase in the past 10 days exceeded 60%. This is related to the Uniswap Foundation's announcement of a vote on governance dividends on May 31.
The governance dividend proposal distributes the handling fees collected by the protocol, not the additional issuance of UNI to incentivize. It is different from staking ETH to obtain additional ETH, and will not involve over-issuance and dilution of UNI. It is reported that if you hold UNI but do not delegate in time, you will not be able to vote. If the vote is passed, it will be proposed to further simplify the fee setting process, improve efficiency, reduce governance burdens, and maintain neutrality. According to data, Uniswap's front-end transaction fees have reached 32.22 million US dollars.
Previously, the U.S. Securities and Exchange Commission (SEC) had issued a Wells notice to Uniswap, resulting in no movement on the dividend plan that was supposed to be released on March 8. Now, with good news again, the reward structure of UNI holders will change.
Imagine that during the peak season, farmers want to improve the picking efficiency of the orchard to seek more profits, so they pay workers according to the amount of fruit they pick. Do you think Uniswap still has enough potential?