Token

Uniswap

Impact

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/uniswaps-uni-token-skyrockets-after-governance-system-revamp-proposal" rel="noopener noreferrer nofollow">Uniswap’s UNI Token Skyrockets After Governance System Revamp Proposal</a><br></p>
<p style="text-align: justify">Uniswap’s proprietary token UNI soared by over 70% last Friday, injecting enthusiasm amongst investors. This leap followed a governance lead’s hint at a potential transformation of the platform’s governance structure. Erin Koen, the Uniswap Foundation’s governance architect, suggested a revamp that would rejuvenate Uniswap’s governance mechanisms and incentivize users who stake and delegate their UNI tokens.</p>
<h2 id="proposal-s-impact-on-governance">Proposal’s Impact on Governance</h2>
<p style="text-align: justify">Koen’s announcement represents a significant shift for the leading decentralized exchange by volume. It contrasts with last year’s decision where a fee-rewarding mechanism for token holders was discarded by the Uniswap community. However, the exchange had already introduced a 0.15% fee on certain crypto swaps. The new proposal, if embraced by the community’s vote, will enable an automated and permission-free fee collection, with distributions to active UNI token holders.</p>
<h2 id="uni-s-market-performance-and-outlook">UNI’s Market Performance and Outlook</h2>
<p style="text-align: justify">UNI’s price experienced a remarkable surge within just three hours, escalating by 75% from $7 to $13 before stabilizing at $11.11. This peak was a record not seen since the prior year’s April. UNI’s impressive performance outshined <a href="https://en.bitcoinhaber.net/insights-on-bitcoins-market-dynamics-bollingers-prediction-and-grayscales-etf-impact" rel="noopener noreferrer nofollow">Bitcoin</a>, ETH, and other major altcoins, especially in a stagnant market. The market capitalization of UNI also witnessed a boost, exceeding $6.7 billion, alongside a 1265% spike in 24-hour trading volume, which hit $1.3 billion. The RSI value for UNI has peaked, indicating a potential oversold scenario.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/uniswaps-uni-token-skyrockets-after-governance-system-revamp-proposal" rel="noopener noreferrer nofollow">Uniswap’s UNI Token Skyrockets After Governance System Revamp Proposal</a></h5>

Uniswap’s UNI Token Skyrockets After Governance System Revamp Proposal

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