Big Change in Established Altcoin! 165 Million Dollar Offer Approved!

After the moderate signals from the FED, there has been upward movement in Bitcoin and altcoins, while the established altcoin Uniswap made a new move worth 165 million dollars.

Uniswap (UNI) provided $165.5 million in funding, including $95.4 million in grants and $45 million in liquidity incentives to support growth.

Accordingly, the Uniswap community voted in favor of two governance proposals to ensure the growth of the Unichain Layer 2 and Uniswap v4 protocols through a new grant program and other liquidity incentives.

As a result of two governance proposals approved by the Uniswap community, the allocated funds will be allocated to various areas. Accordingly, $95.4 million will be directed to the Uniswap Foundation's grant budget, and $45 million will be allocated for liquidity incentives. The remaining $25.1 million will be spent on operational expenses over the next two years.

The Much-Awaited New Fee Model!

One of the most important aspects of the approved management decision was the long-awaited fee change.

With the approval, part of the fees currently obtained by the exchange will be distributed to UNI token holders.

This change was eagerly awaited by the community as previous proposals to activate the fee change had failed.

The price of UNI has risen by up to 10% following the approval of the fee exchange model that allows token holders to earn a share of the protocol fees.

The open position of Uniswap increased by 17.69% to reach $196.96 million. This reflects the growing optimism of investors.