The Uniswap community has a greenlit of two management proposals to push the growth of the Unichain Network and Uniswap V4 Protocol.
The initiatives, called “Uniswap Unleashed,” introduced a new grants program and liquidity incentives while indicating preliminary steps for a “switch fee,” a prolonged protocol vote that would pay a portion of trading fees to Uniswap’s Uni holders.
Related management posts did not directly mention a fee switch but noted Plan to “revive income.”
The foundation requested $ 95.4 million for the grant budget and $ 25.1 million for operations for two years, including $ 45 million for liquidity incentives to attract users and grow fuel through developer campaigns.
Both measures are passed along More than 80% of UNI token Holders in favor, management data shows.
The lane may now place in the fee-switch movement, a long-term community goal that will change some protocol-current revenue-currently over $ 1 billion annually-from the liquidity providers to the UNI holders. Its activation, delayed by past failed votes, hinges with legal foundation preparation.
The proposal was first suggested in July 2021 to squeeze the switch for a small set of uniswap protocol pools. The switch will not increase fees for users but will remain a small portion of what is currently being paid to liquidity (LP) providers, or users who have locked their uniswap tokens in exchange for fee rewards.
However, this may mean less revenue on uniswap LPs and more rewards for UNISWAP’s Native Uni’s native token, which is worth the cost for UNI holders – leaving the proposal hanging over the last few years. One of the votes Failed to pass by 2023 After being voted against the influential token holders.
Part of the steps towards sharing income is to make the Uniswap Foundation-an uninitiated income that helps develop and maintain uniswap-a legal creature, providing clarity on legal status and the ability to contract with other protocols.
“If our vetting is successful and we believe that creating a legal creature for uniswap management is in the best interest, we will propose management to implement a legal creature structure,” the proposal said.
“If adopted, this step will give way to the potential introduction (or re -introduction) of a management proposal for delegators to earn protocol income,” he said.
