After the proposal was submitted, the DEX native token UNI hit a two-year high of $12.48, showing strong community support.

UNI, the native token of decentralized exchange (DEX) Uniswap, rose 60% on February 23 to a two-year high of $12.48 after a governance proposal introduced a fee reward mechanism for holders.

The token has since given back some of its gains and is trading at $11 at press time, up 48% daily, according to CryptoSlate.

UNI last traded at these price levels in January 2022.

The main driver of the price increase is a new proposal to overhaul the DEX governance system. It aims to address the key issues of low engagement and “staleness” of empowerment by directly incentivizing active participation.

Active governance

Under the proposal, Uniswap currently faces an uncomfortable reality: Although its governance system controls the future of the protocol, participation remains sluggish.

Less than 10% of UNI tokens, the lifeblood of voting, are actively used, leaving a large portion of existing delegations idle and failing to contribute to key decisions. This lack of participation poses a potential threat to Uniswap’s long-term stability.

The proposal hopes to solve this problem by providing compelling incentives for token holders, including tying UNI token delegation and staking to a share of the protocol’s fee revenue. This creates a direct link between active participation and potential rewards, aiming to foster a more engaged community and attract new delegates.

The mechanism will be implemented through two new smart contracts designed to automatically collect protocol fees and fairly distribute them to stakeholders based on the delegated UNI tokens.

The proposal lays out every detail of these contracts, including security audits and code descriptions, to maintain complete transparency to the community.

voting arrangements

The community reacted positively to the development, with a spike in UNI’s value indicating a buying frenzy ahead of the voting snapshot.

After public discussion and improvement on the Uniswap forum, the community will hold two votes to decide whether to adopt the snapshot voting on March 1 and the on-chain voting on March 8. On the Uniswap forum, the community will hold two votes to decide whether to adopt the snapshot voting on March 1 and the on-chain voting on March 8. The community will hold two votes to decide whether the March 1 snapshot vote and the March 8 on-chain vote should be adopted. Snapshot voting will be held on March 1st and on-chain voting will be held on March 8th.

If successful, the community will have the final say on activating the fee mechanism through a separate vote. This ensures that every voice is heard and allows for further deliberation before the final step is taken. The community will have the final say on activating the charging mechanism through a separate vote. This ensures that every voice is heard and allows for further deliberation before the final step is taken. Think carefully before taking the final step.

The proposal’s potential impact extends beyond Uniswap itself. If it is successfully implemented, it could become a reference point for other decentralized protocols looking to enhance active participation and responsible governance practices. Beyond Uniswap itself. If it is successfully implemented, it could become a reference point for other decentralized protocols looking to enhance active participation and responsible governance practices. Uniswap itself. If it is successfully implemented, it could become a reference point for other decentralized protocols looking to enhance active participation and responsible governance practices. Other decentralized protocols that seek to enhance active participation and responsible governance practices. Decentralized protocols seek to enhance active participation and responsible governance practices. Agreement designed to enhance active participation and responsible governance practices. Participatory and responsible governance practices. Governance practices.

However, as the proposal itself acknowledges, careful evaluation is required to understand the potential impact on liquidity and trade execution. As the proposal itself acknowledges, an assessment is necessary in order to understand the potential impact on liquidity and trade execution. Liquidity and trade execution, as the proposal itself acknowledges. Transaction execution, as the proposal itself acknowledges. Implementation, as the proposal itself acknowledges.

The proposal mirrors Osmosis DEX’s recent Proposition 651, which introduced similar incentives for token holders. The protocol has generated and distributed just over $4 million in taker fees to OSMO stakers. Proposition 651 introduced similar incentives for token holders. The protocol has generated and distributed just over $4 million in taker fees to OSMO stakers. Incentives for token holders. The protocol has generated and distributed just over $4 million in taker fees to OSMO stakers. Token holders. The protocol has generated and distributed just over $4 million in taker fees to OSMO stakers. The protocol has generated and distributed just over $4 million in taker fees to OSMO stakers. And charge fees to OSMO stakers.

Emperor Osmo, the leading alpaca of Osmosis, told reporters:

“The recently proposed internal changes to Uniswap only serve to solidify Osmosis governance considering the sustainability and long-term viability of the Osmosis DEX. Similar to what Prop 651 did for Osmosis, Uniswap aims to transform its UNI token from a governance-only token Transform into a legitimate value-added mechanism."#Uniswap #費用獎勵機制

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