The Block16 minutes ago

Published on February 23, 2024 15:13 GMT+00:00edited on February 23, 2024 15:14 GMT+00:00

The Uniswap Foundation proposed changes in the governance of popular decentralized exchange project Uniswap. 

The upgrades aim to motivate more thoughtful, engaged and active delegation, according to the proposal. This also included augmenting the fee mechanism to reward users who delegated and staked their UNI tokens on the platform. 

"We’re excited to invigorate governance — incentivizing not only delegation but thoughtful and active delegation — by tying delegation to protocol fees," 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."

The success of this proposal could lead to new delegation and a shift to …