cryptonews.net
The Uniswap community has voted in favor of two governance proposals aimed at spurring the growth of the recently launched Unichain Layer 2 and Uniswap v4 protocols through a new grant program and other liquidity incentives. The governance decision lays the groundwork for activating the “fee switch”. Both proposals, part of the “Uniswap Unleashed” plan, aim to expand the Uniswap ecosystem and usher in the next era of the community by unlocking new opportunities for growth, value creation, and capture.
Created in partnership with the Uniswap Foundation and risk management protocol Web3 Gauntlet, the liquidity incentives will attract new users and support ecosystem growth through developer-focused campaigns, according to the proposal. The foundation has requested an investment of $95.4 million in its grant budget and an additional $25.1 million to fund operations over the next two years. In a separate incentive proposal, the foundation requested a budget of $45 million to support liquidity incentives.
Gauntlet has deployed and configured the Aera vault for the Uniswap Foundation on mainnet, which will be filled with over 7.5 million UNI tokens, worth about $52 million at the time of writing. The “fee switch” will occur once the Uniswap Foundation decides to take the necessary legal steps to distribute protocol fee revenues to board members.
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