Uniswap Community Supports Governance Proposals

The Uniswap community has voted in favor of two governance proposals aimed at promoting the growth of the recently launched Unichain Layer 2 and Uniswap v4 protocols through a new grant program and liquidity incentives. This governance decision sets the stage for activating the “fee switch”. Both proposals are part of the “Uniswap Unleashed” plan, designed to expand the Uniswap ecosystem and usher in a new era for the community by unlocking 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. The foundation has requested an investment of $95.4 million for its grant budget and an additional $25.1 million to fund operations over the next two years. In a separate proposal, it requested $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, valued at approximately $52 million at the time of writing. The “fee switch” will be activated once the Uniswap Foundation decides to take the necessary legal steps to distribute protocol fee revenues to board members.

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