Uniswap’s UNI Jumps 60% on Proposal to Reward Token Holders in Major Governance Overhaul

Koen’s proposal is a significant development for the largest decentralized exchange by trading volume, marking a departure from last year’s initiative to reward token holders with accrued fees. Last June, the Uniswap community turned down a proposal that would have switched on fees for many of the exchange’s liquidity pools and distributed a part of the revenue among token holders. In an October move, the exchange started to charge a 0.15% fee on crypto swaps involving ETH, USDC and other tokens initiated on the protocol’s interface.

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• Source: https://www.coindesk.com/markets/2024/02/23/uniswaps-uni-jumps-50-on-proposal-to-upgrade-governance/?utm_medium=referral&utm_source=rss&utm_campaign=headlines