Why Uniswap?
The Uniswap Foundation has submitted a proposal to use the protocol’s fee mechanism to reward UNI token holders who stake and delegate their tokens. According to the proposal, the change is designed to incentivize "active, engaged and thoughtful delegation" in the Uniswap governance process.
If the community vote approves the proposal, it would allow for the automatic and unrestricted collection of protocol fees, which would then be distributed evenly among UNI token holders who have staked their tokens and delegated their voting rights.
The market has received the proposal very positively, as UNI’s price spiked from $7.16 to $12.27 (+71%) in a little more than an hour after the proposal was published. Although UNI has seen a price correction since, the token is till trading at $10.56 at the time of writing, which is significantly above its pre-spike levels.
