Uniswap’s creator, Hayden Adams, used Twitter to get information on how DEX should allocate its $500 million governance treasure.
Since Uniswap’s native token, UNI, is currently trading at $9.30, having surpassed its previous all-time high of $7.10 last week, Uniswap’s share of the treasury is now valued at more than $500 million.
The cybersecurity firm is sending encrypted hard drives containing Bitcoin to test its applicants
„What are some of the most striking ways that governance can assign this UNI,“ Adams asked the community.
~$500 million of UNI has already been given to the Uniswap governance community treasury out of a total of $4 billion (based on current pricing).
What are some of the most striking ways that governance can allocate this UNI?
– Hayden Adams (@haydenzadams) 18 January 2021
Adams received several suggestions, including a request for a second UNI airdrop to recent Uniswap users, a call for 90% of Uniswap’s governance tokens to be burned, and proposals for funds to be invested in shilling various Twitter users.
Spanish Fintech Unnax captures seven million euros and prepares to land in Latin America
Cihan Oztunc, product manager at the New York Stock Exchange, recommended that Uniswap launch a venture capital firm to invest the treasury in promising new cryptomoney projects:
Create a venture capital firm called „Uniswap Ventures“ and invest that money in new cryptomoney projects. Once that $500 million is converted into $500 billion, we will be able to buy space shuttles and organize space travel for lucky Uniswap users.
– Cihan (@cihan_oztunc) January 18, 2021
Meanwhile, Marquet Exchange co-founder Emiliano Bonassi tweeted that Uniswap should invest in accelerating the development of Layer 2 scaling solutions.
First Hyperledger-Based Kryptonie Up 486% Overnight Following Announcement of Bitcoin Commercial Pair at Bittrex
DeFi commentator Samuel Shadrach said that Uniswap should buy a majority stake in SushiSwap’s offering and try to force a merger between the two platforms.
That would be a great move. Buy 51% of Sushiswap’s supplies and force a merger between the two.
– Samuel Shadrach (@SamuelShadrach4) 18 January 2021
In September, Uniswap suddenly revealed its native UNI token, with 43% of the one billion token supply retained by the project’s governance treasury for distribution „on an ongoing basis through taxpayer subsidies, community initiatives, cash mining and other programs.
In its four-year token launch cycle, the protocol will be delivered to the governance treasury on a continuous basis from 40% of the total UNI 430 million allocation in the first year and reduced to 10%, or UNI 43 million in the fourth year.