Uniswap Foundation token rewards proposal passes temperature check vote
Quick Take A Uniswap Foundation proposal regarding changes to Uniswap’s community governance has passed a temperature check vote — with 100% in favor. The proposal includes changes in the protocol’s fee mechanism to reward users who delegate and stake their UNI tokens and will now go to an on-chain vote.
The Uniswap Foundation's proposed changes to the governance of the popular decentralized exchange Uniswap, including altering its fee mechanism to reward users who delegate and stake their UNI +16.20% tokens on the platform, has unanimously passed a temperature check vote.
The temperature check vote — a snapshot poll to gauge initial Uniswap community sentiment on moving ahead with the proposal — began on March 1 and passed with 100% of delegates in favor after ending today at 1:30 p.m. ET. An on-chain vote will now follow, to be posted by the Uniswap Foundation on March 7.
"We’re excited to invigorate governance — incentivizing not only delegation but thoughtful and active delegation — by tying delegation to protocol fees," the Uniswap Foundation wrote in the proposal . "Specifically, we believe UNI token holders will be incentivized to choose delegates whose votes and engagement with the protocol will lead to the Protocol’s growth and success."
If the on-chain vote is successful, the community will then have the option to turn on fees, enabling the Uniswap protocol to automatically collect and distribute them to voting UNI token holders, and let governance control fee-related settings. “An Immunefi bug bounty will go into effect before the conclusion of a successful on-chain vote,” the Uniswap Foundation added.
Uniswap token price surges following the proposal
The price of Uniswap’s native token surged over 50% to around $11.40 immediately following the proposal announcement on Feb. 23. It is currently trading for $15.73, according to The Block’s price page — up around 14% over the past 24 hours, 45% over the past week and 165% in the last month.

UNI/USD price chart. Image: The Block/TradingView .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More








