Two new Uniswap governance proposals passed on Wednesday, securing around $177 million worth of UNI token-based funding for the Ethereum DeFi protocol’s Foundation to help support the growth of Uniswap V4 and Unichain—while potentially paving the way for “revenue activation,” as well.
The proposals both received more than 80% support from voters, and will lead to the distribution of nearly 29 million UNI tokens—now valued around $198 million, due to a price jump following Wednesday’s successful passage—to support the protocol’s growth.
“We recognize and appreciate the size of this request. It reflects an investment into the success of the Uniswap Protocol and Unichain, and into value for the Uniswap community,” wrote Uniswap Foundation Executive Director Devin Walsh.
Almost 73% of the approximately 29 million tokens are earmarked for governance proposal #83, entitled “Uniswap Unleashed.” This proposal, which…
