On March 1, 2024, voting began on the Snapshot portal on a proposal to redistribute commissions in favor of those users who delegate or stake UNI tokens. The absolute majority supported the initiative.
At the time of writing, more than 10 million UNI are registered to vote. 15 UNI were registered for the “Against” option, 3.9 UNI for “Abstain”. All other participants supported the option “For” integration. Voting will last until March 6, 2024.
Let us remind you that the essence of the proposal is to launch two new smart contracts. They will allow you to collect and redistribute commissions. The share of UNI holders can range from 10% to 25%.
The initiative was highly appreciated in the community. In particular, the decentralized protocol Frax Finance plans to implement a similar solution.
Over the past 24 hours, from March 1 to March 2, 2024, the Uniswap (UNI) rate has increased by more than 5%, according to TradingView. Since the beginning of February, the price has jumped by 102%:
