Uniswap Creator Takes To Crypto-Twitter To Source Feedback On How The DEX Should Allocate Its $500 Million Governance Treasury
Uniswap Creator Takes To Crypto-Twitter To Source Feedback On How The DEX Should Allocate Its $500 Million Governance Treasury
January 21, 2021
Uniswap Creator Takes To Crypto-Twitter To Source Feedback On How The DEX Should Allocate Its $500 Million Governance Treasury
Uniswap Creator Takes To Crypto-Twitter To Source Feedback On How The DEX Should Allocate Its $500 Million Governance Treasury
January 21, 2021

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.

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.

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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.

Likewise, Samuel Shadrach, the DeFi commentator, asserted Uniswap should buy up a majority share of SushiSwap’s supply and try to force a merger between the two platforms.  

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.”

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with experience of 1.5 years. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.