With Uniswap’s treasure now valued at over $500 million, Hayden Adams has asked the cryptocommunity for suggestions on how to spend it.
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.
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„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.
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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.
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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.