NatalieLopez
23 Feb 24
Uniswap's native token UNI-USD has experienced a significant surge, growing by as much as 60% in response to a long-awaited proposal by the Uniswap Foundation to upgrade the protocol's governance system. The proposal aims to reward UNI coin holders who have staked and delegated their tokens, thereby...
Uniswap's native token UNI-USD has experienced a significant surge, growing by as much as 60% in response to a long-awaited proposal by the Uniswap Foundation to upgrade the protocol's governance system. The proposal aims to reward UNI coin holders who have staked and delegated their tokens, thereby enhancing the resilience and decentralization of Uniswap Governance.
Users who stake their coins will receive rewards, and those who hold UNI-USD have the ability to vote on protocol decisions. A vote on the proposed upgrade is scheduled for March 1. In midafternoon trading, UNI jumped 46.3% to $10.98 per coin, outperforming bitcoin's 1.9% retreat and ether's 2.4% dip. This development underscores the potential impact of governance changes on token value and market dynamics.
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