The Uniswap community has approved two crucial governance proposals aimed at driving the growth of the Uniswap ecosystem, including advancing the Ethereum layer-2 Unichain and Uniswap v4 protocols.
Goals of Approved Proposals
The approved governance decisions are part of the Uniswap Unleashed plan, aimed at accelerating the adoption of the newly launched Unichain and Uniswap v4 protocols to enhance scalability and attract new users.
Allocating $165.5 Million for Ecosystem Expansion
The governance vote has approved $165.5 million, with $95.4 million allocated for grants, $45 million for liquidity incentives, and $25.1 million for operational expenses over the next two years.
Introduction of the Fee Switch
The proposed changes are significant as they establish the groundwork for implementing the 'fee switch,' allowing a portion of fees to be redirected to UNI token holders, serving as a significant incentive for governance participation.
The approval of the $165.5 million funding package marks a pivotal moment in Uniswap's development path, emphasizing the community's commitment to sustainability and innovation in decentralized finance.
