Bitcoin

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

The creator of Uniswap, Hayden Adams used Twitter to get information on how the DEX should allocate its $ 500 million governance hoard.

Given that Uniswap’s UNI native token is currently trading at $ 9.30 after breaking its all-time high of $ 7.10 last week, Uniswap’s stake in Treasury is now more than $ 500 million.

“What are some of the most powerful ways that government can assign this UNI?” Adams asked the church.

~ US $ 500 million from UNI has already been delivered to the treasury of the Uniswap Governance Community, totaling US $ 4 billion (based on current prices).

What are some of the most powerful ways governance can assign this UNI?

Dream big.

– Hayden Adams (@haydenzadams) January 18, 2021

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

Adams received several suggestionsincluding one inquiry a second UNI drop of air for the youngest Uniswap users, a called so that 90% of the governance tokens are burned by Uniswap and Proposals for the funds to be used in the procurement of “Shilling“by various Twitter users.

Cihan Oztunc, Product Manager at the New York Stock Exchange, recommended Uniswap to set up a venture capital firm to invest the treasure in promising new cryptocurrency projects::

Create a venture capital company called Uniswap Ventures and invest that money in new cryptocurrency projects. Once that $ 500 million becomes $ 500 billion, we can buy space shuttles and organize space trips for the lucky Uniswap users.

– Cihan (@cihan_oztunc) January 18, 2021

Meanwhile, the co-founder of Marquet Exchange, Emiliano Bonassi, tweeted that Uniswap should invest in accelerating the development of Layer 2 scaling solutions.

Commentator DeFi Samuel Shadrach stated that Uniswap should buy a controlling stake in SushiSwap’s offering and try to force a merger between the two platforms..

That would be a great piece. Buy 51% of Sushiswap’s supplies and force a merger between the two.

– Samuel Shadrach (@ SamuelShadrach4) January 18, 2021

In September, Uniswap suddenly revealed its indigenous token, UNI, with 43% of the 1 billion token supply being withheld by the project management treasury. to distribute “on an ongoing basis through tax grants, community initiatives, cash drawdowns and other programs.”

In its four year token launch cycle The protocol is continuously delivered to the financial administration from 40% of the total allocation of 430 million UNI in the first year and reduced to 10%or 43 million UNI in the fourth year.

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