HomeCryptoCrypto news: il DEX Uniswap rivela gli asset in vista del voto...

Crypto news: il DEX Uniswap rivela gli asset in vista del voto sul meccanismo di commissione

The decentralized crypto exchange (DEX) Uniswap reveals the assets in preparation for the vote on the fee mechanism. In the first quarter, the foundation allocated 4.34 million dollars to new grants and distributed 2.79 million dollars for already approved grants.

Let’s see all the details below. 

Vote on the commission mechanism: the statements of the crypto DEX Uniswap 

As anticipated, the Uniswap Foundation has communicated that it possesses 41.41 million dollars in fiat and stablecoin, in addition to 730,000 UNI tokens, at the end of the first quarter.

During this period, the foundation committed 4.34 million dollars in new grants and disbursed 2.79 million dollars for previously approved grants. 

Fiat cash and stablecoins are intended for lending activities and operations, while UNI tokens are reserved as employee rewards.

La Uniswap Foundation ha inoltre annunciato che il voto on-chain per una proposta che stabilisce il nuovo meccanismo di commissioni si terrà entro il 31 maggio. 

La proposta rappresenta un crucial step verso l’implementazione autonoma della riscossione e distribuzione delle commissioni nei pool Uniswap v3.

After the approval of the proposal, the control of the mainnet UniswapV3Factory will be transferred to a new contract V3FactoryOwner, marking an important progress in the decentralized governance of Uniswap. 

Tuttavia, il voto non attiverà le commissioni, che saranno affrontate in una futura proposta.

The Uniswap Foundation has stated that the change will be implemented despite the Wells notice received from the United States Securities and Exchange Commission (SEC). 

Quest’ultima ha accusato il protocollo DeFi di violazioni delle leggi sui titoli, operando come borsa valori e broker non registrati.

Uniswap Labs has responded by arguing that the SEC does not have jurisdiction to regulate their decentralized protocol according to current legal classifications.

The response from the company arrived promptly, coinciding with the vote of the United States House of Representatives on a bill, the Financial Innovation and Technology for the 21st Century Act.

Which could change the way the SEC and the Commodity Futures Trading Commission (CFTC) regulate criptovalute.

New proposals for the distribution of commissions and incentives to governance

As we know, since 2021, the SEC has been conducting an investigation into Uniswap Labs, the main developer of Uniswap. The decentralized exchange (DEX) has delisted several tokens from its platform due to increasing regulatory pressure.

So far, the commission revenues of Uniswap have been entirely allocated to the liquidity providers (LP). They earn rewards for providing assets to the platform, supporting trading activity and market liquidity.

The new proposal, however, provides for distributing the protocol fees among the token holders who stake or delegate their tokens. 

This would create a structure of incentives that rewards active engagement and encourages significant contributions within the Uniswap ecosystem.

A febbraio, la Uniswap Foundation ha avanzato una proposta per introdurre un sistema di ricompensa delle commissioni volto a incentivare i possessori di token UNI a impegnarsi più attivamente nelle decisioni di governance. 

Improving thus the participation of the community and the decision-making processes.

The +15% of UNI among positive developments on Ethereum and the legal battle with the SEC

In a week characterized by the consolidation of the cryptocurrency market, the UNI token of Uniswap defied the trend, recording an increase of over 15% and surpassing the 10 dollars.

This rise occurred in a context of positive developments within the Ethereum ecosystem and the ongoing legal battle between Uniswap and the United States Securities and Exchange Commission (SEC).

Beyond the legal dispute, the current momentum within the Ethereum ecosystem is pushing the price of UNI upwards. On-chain data shows significant whale withdrawals from cryptocurrency exchanges following the news of a potential spot ETF on Ethereum. 

This search for security, along with the general bull sentiment on Ethereum, is benefiting UNI, a key player in the Ethereum DeFi landscape.

From a technical standpoint, the breakout of UNI from a monthly consolidation phase paints a promising picture. Technical indicators and on-chain data suggest a potential increase of 25% in the price of UNI. 

The recent surge of the token indicates a possible bull run, with analysts targeting a price goal of 12.80 dollars if the current momentum continues.

Supporting this forecast is the Age Consumed index by Santiment, which measures the movement of dormant tokens. The peaks of this index often precede price rallies and the latest rise at the end of April seems to have foreshadowed the current bull trend of UNI. 

Questo parametro on-chain rafforza le prospettive bull per UNI, suggerendo che gli investitori stanno riconoscendo il suo potenziale.

Alessia Pannone
Alessia Pannone
Graduated in communication sciences, currently student of the master's degree course in publishing and writing. Writer of articles from an SEO perspective, with care for indexing in search engines.