UNI token holders have approved funding of $165.5 million for a new fund, paving the way for "fee switching".
The Uniswap community votes in favor of two new proposals to support growth.
The Uniswap community voted in favor of two new proposals aimed at stimulating the growth of Unichain Layer 2 and Uniswap v4, through a new grant program and innovative liquidity incentives. This decision paves the way for the activation of "fee switching", enhancing the evolution of the ecosystem and opening new avenues for growth and user acquisition.
This step is part of the "Uniswap Unleashed" plan, where liquidity incentives, launched in partnership with the Uniswap Foundation and the Web3 risk management protocol Gauntlet, will help attract new users through campaigns focused on developers. The Foundation seeks an investment of $95.4 million in the grant budget, along with $25.1 million to fund operations over the next two years. An additional budget of $45 million has also been proposed to support liquidity incentives.
In a strategic move, Gauntlet has deployed the Aera vault for the Uniswap Foundation on the mainnet, which will hold 7.5 million UNI tokens, worth approximately $52 million at the time of this report. "Fee switching" will be activated once the necessary legal actions are taken to distribute protocol fee revenues.
UNI token holders have approved funding of $165.5 million for a new fund, paving the way for "fee switching".
