UNI surges above $11! Uniswap Foundation plans to distribute protocol fees to stakers

The Uniswap Foundation will issue an announcement on its official website at a later date to announce the latest governance proposal "Activating Uniswap Protocol Governance". According to the plan, Snapshot voting for the proposal will begin on March 1, 2024, while on-chain voting will launch on March 8, 2024. Please follow the official announcement for more details.

Proposed to distribute protocol fees to holders of staked UNI tokens

The main vision of the proposal is to distribute protocol fees to holders of staked UNI tokens, proposed changes Includes: Implementing this goal in the protocol’s upgrade plan.

• Upgrade Uniswap protocol governance to achieve permission-free and programmatic collection of protocol fees

• Allocate any protocol fees proportionally to pledged and delegated UNI token holders with their voting rights

• continue to control core parameters: which pools require payment, and the size of the fee.

UNI token surged by more than 50% and exceeded 11 US dollars

Inspired by this information, Uniswap’s governance token UNI quickly surged within 1 hour of the release of the governance proposal. It rose 53% to exceed $11, and rose by more than 50% in the past hour.

DeFi sector has generally risen

Affected by the rise of Uniswap, the DeFi protocol with the largest market capitalization, the DeFi sector has generally risen:

• LDO: $3.11, up 2% in the past 24 hours

• AAVE: $96.98, up 5.43% in the past 24 hours

• CAKE: $3.14, up nearly 24 hours Up 11.49% in 24 hours

• CRV: 0.5752 US dollars, up 4.09% in the past 24 hours

• 1INCH: 0.4716 US dollars, up 5.93 in the past 24 hours %

• SUSHI: $1.51, up 17.24% in the past 24 hours

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