Investment Learning

Uniswap (UNI) Jumps 60% on Proposal to Reward Token Holders in Major Governance Overhaul

Koen’s proposal is a significant development for the largest decentralized exchange by trading volume, marking a departure from last year’s initiative to reward token holders with accrued fees. Last June, the Uniswap communityturned downaproposalthat would have switched on fees for many of the exchange’s liquidity pools and distributed a part of the revenue among token holders. In an October move, the exchangestartedto charge a 0.15% fee on crypto swaps involvingETH,USDCand other tokens initiated on the protocol’s interface.