The Uniswap community has approved two essential proposals focused on ecosystem growth, including updates for Ethereum layer-2 and Uniswap v4.
Goals of the Proposals
The approved decisions are part of the Uniswap Unleashed strategy aimed at accelerating the adoption of Unichain and Uniswap v4 protocols, improving scalability, and attracting new users.
Budget Allocation
The vote approved $165.5 million for Uniswap's ecosystem development. These funds will be allocated to grants, liquidity incentives, and operational expenses.
Uniswap v4 Innovations and Fee Switch
With the launch of Uniswap v4, new features for developers are being introduced. The implementation of the fee switch will allow a share of fees to be redirected to UNI token holders, creating new incentives for project participation.
The approval of $165.5 million in funding underscores Uniswap's commitment to long-term growth and innovation in the decentralized finance space.
