Uniswap, the leading market maker of the Ethereum ecosystem, Version 2 which included a number of improvements like lower fees, and tokens in kind, just in time liquidity, has fared poorly relative to other DEX cryptocurrencies like Fantom ( 🔺 84% ROR_90days) and Thorchain ( 🔺 18% ROR_90days) per Cryptoken Board data.
$UNI Uniswap’s Fee Switch Upgrade to reward UNI holders gave holders hope in February ’24, the Uniswap Foundation proposed a network upgrade to implement a fee mechanism that rewards UNI token holders that have delegated and staked their tokens, however it appears it will be a gradual, governance driven, phased transition (proposal would redirect 10% of two major pools’ liquidity provider (LP) fees). A great article by Definent can be fund here.
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