February 24, 2024 Grandpa clocked in
UNI suddenly rose sharply last night, rising straight from around 7 knives, and is still around 12 knives. The reason for the rise is because of preparations to empower UNI. According to the new proposal "Activate Uniswap Protocol Governance" released by Erin Koen, the head of governance of the UniSwap Foundation, Snapshot voting for the proposal will be launched on March 1, and on-chain voting will begin on March 8. The proposal recommends upgrading the protocol, Make its fees reward UNI holders who delegate and stake their tokens. Specifically, there are three points:
1. Turn on the charging switch. The Uni Foundation has charged a fee before, but it was a front-end fee, which means you will only be charged if you use Uniswap’s official website to call the protocol. This time, the protocol is charged, which means that no matter which front end is used to call the Uni protocol, a part of the fee will be automatically charged. Of course, the specific fees and how much can be decided by everyone's vote. 2. The fees collected will be distributed proportionally to UNI holders and those who delegate voting governance. Once passed, UNI will become a "platform currency" with dividends. 3. Governance rights, the ability to vote and charge fees and other related details.
After the token price rose, UNI's circulating market value reached 9 billion US dollars, ranking 16th. When the charging details are available, UNI's rate of return can be estimated. There is no doubt that as one of the most successful DeFi protocols currently, Uniswap occupies the majority of the market share of the entire dex market. If this empowerment is done properly, Uniswap's market share will be further increased. Of course, the specific effect needs further observation. In any case, it is a happy thing for Uni holders.
Among fans, I know a few people who believe in UNI very much. When the protocol switch was not turned on before, many people also held it for this reason. However, compared to the previous round of prices, UNI has always been hovering at a low level. Considering that Uni is the largest dex, we have a small amount of allocation. I don’t know if you have found a good target. It is only a matter of time before the market finds it. The purpose of our allocation is not to say that we don’t believe in any one, but on the contrary because we believe in many. After all, if you hold UNI with all your positions, you may only be able to find it now. Feel lighter. Finally, I would like to congratulate everyone. As a firm holder of UNI, as for the price trend of UNI, since you have waited for so long, you can take a look at the charging situation in the next few days.
