Uniswap Creator Takes To Crypto-Twitter To Source Feedback On How The DEX Should Allocate Its $500 M
Hayden Adams, the creator of Uniswap, has taken to crypto-twitter to source feedback on how the DEX should allocate its $500 million governance treasury.
It has been reported that with Uniswap’s native UNI token currently trading at $9.30 after rallying to break its previous all-time high of $7.10 last week, the vested share of Uniswap’s warchest is now valued at more than half a billion dollars.
Adams asked the community:
“What are some of the most impactful ways governance can allocate this UNI?”
The report said that Adams received a variety of suggestions, including a request for a second UNI airdrop to recent Uniswap users, a call for 90% of Uniswap’s governance tokens to be burned, and tongue-in-cheek proposals for the funds be invested in hiring the “shilling” services of various Twitter-users.
Second airdrop for late users who've been using uniswap — Captain Jug 🦁 (@mhizta_huthman) January 18, 2021
Cihan Oztunc, the Product Manager at the New York Stock Exchange, recommended Uniswap launch a VC firm to invest the treasury into promising new crypto projects.
~$500M worth of UNI has already vested to the Uniswap governance community treasury out of $4b total (based on current price) What are some of the most impactful ways governance can allocate this UNI? Dream big 🚀 — Hayden Adams 🦄 (@haydenzadams) January 18, 2021
In the meantime, Emiliano Bonassi, the co-founder of Marquet exchange, tweeted that Uniswap should invest in accelerating the development of Layer 2 scaling solutions.
L 2 2 — Emiliano Bonassi | emiliano.eth (@emilianobonassi) January 18, 2021
Thus, in September, Uniswap suddenly unveiled its native UNI token, with 43% of the token’s one billion supply retained by the project’s governance treasury for distribution over “an ongoing basis through contributor grants, community initiatives, liquidity mining, and other programs.”