Uniswap’s founder wants your advice on how to spend $500 million

Unsiwap developer Hayden Adams has required to crypto-twitter to source feedback on how the DEX need to allocate its $500 million governance treasury.
With Uniswaps native UNI token currently trading at $9.30 after rallying to break its previous all-time high of $7.10 last week, the vested share of Uniswaps warchest is now valued at over half a billion dollars.
” What are a few of the most impactful ways governance can allocate this UNI?” Adams asked the neighborhood.
~$ 500M worth of UNI has already vested to the Uniswap governance community treasury out of $4b overall (based upon existing rate).
What are a few of the most impactful ways governance can designate this UNI?
Dream big.
— Hayden Adams (@haydenzadams) January 18, 2021.
Adams received a range of suggestions, including a demand for a second UNI airdrop to recent Uniswap users, a call for 90% of Uniswaps governance tokens to be burned, and tongue-in-check proposals for the funds be bought hiring the “shilling” services of various Twitter-users.
Cihan Oztunc, product supervisor at the New York Stock Exchange, advised Uniswap introduce a VC firm to invest the treasury into promising brand-new crypto projects:.
Start a VC company called “Uniswap Ventures” and invest that cash into new crypto projects. As soon as that $500M ends up being $500B, we can purchase space shuttles and organize area trips for lucky uniswap users.
— Cihan (@cihan_oztunc) January 18, 2021.
Marquet exchange co-founder, Emiliano Bonassi, tweeted that Uniswap should invest in accelerating the advancement of Layer 2 scaling options.
DeFi analyst Samuel Shadrach asserted Uniswap needs to buy up a majority share of SushiSwaps supply and try to require a merger in between the 2 platforms.
That would be a big balls play lol. Buy up 51% of Sushiswaps MC and require a merger of the 2.
— Samuel Shadrach (@SamuelShadrach4) January 18, 2021.
In September, Uniswap unexpectedly unveiled its native UNI token, with 43% of the tokens one billion supply maintained by the tasks governance treasury for distribution over “an ongoing basis through contributor grants, community initiatives, liquidity mining, and other programs.”.
In its 4 year token release cycle, the procedure will vest to the governance treasury on a constant basis beginning at 40% of the total allotment of 430 million UNI in the very first year and decreasing to 10%, or 43 million UNI by year four.
Title: Uniswaps creator wants your recommendations on how to spend $500 million.
Sourced From: cointelegraph.com/news/uniswap-s-founder-wants-your-advice-on-how-to-spend-500-million.
Published Date: Tue, 19 Jan 2021 04:00:43 +0000.
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