The Uniswap community approved two crucial proposals to drive ecosystem growth, focusing on Ethereum layer-2 and Uniswap v4 protocols.
The Vision Behind the Proposals
The new governance decisions, as part of the Uniswap Unleashed plan, aim at boosting scalability, enhancing capital efficiency, and attracting new users, with a special focus on supporting developer innovation.
Allocating $165.5 Million for Ecosystem Expansion
The vote approved a $165.5 million budget, allocating $95.4 million for Uniswap Foundation grants, $45 million for liquidity incentives, and $25.1 million for operational costs.
Benefits for Developers and Token Holders
The proposals include the introduction of the 'fee switch' and support for Uniswap v4, offering developers greater flexibility through 'hooks', making the platform more attractive to both users and developers.
The approval of the $165.5 million package highlights Uniswap's commitment to sustainable growth and innovation in the decentralized finance space.
