The approval of a $113M treasury delegation program by Uniswap DAO marks a strategic move aimed at broadening the framework of protocol governance.
Uniswap's New Strategy
The Uniswap Foundation announced an allocation of $165.5 million for various initiatives, with $95.4 million for grants aimed at sustainable governance engagement.
Financial Initiatives and Impact
Additionally, the foundation plans to allocate $45 million for liquidity incentives, reflecting a strategic approach to enhance governance over the next two years. Following these initiatives, the UNI token price rose by 10%, reaching $7.01.
Potential Governance Changes
Experts suggest that the program could influence broader DeFi governance models, with the possibility of the anticipated 'fee switch' being activated. Financial analysts view this initiative as a potential catalyst for long-term growth.
Uniswap's treasury delegation program could lead to technological innovations and regulatory changes in the DeFi space, strengthening protocol governance models.
