The community of leading decentralized crypto exchange (DEX) Uniswap has approved two proposals aimed at stimulating the growth of its own Unichain network and the fourth version of the protocol (Uniswap V4). The initiative, called Uniswap Unleashed, proposes a new grant program and liquidity incentives.

Voting on the community forum

What else is known? To implement the initiative, the Uniswap Foundation NPO asked the decentralized autonomous organization (DAO) Uniswap for $95.4 million in grants, $45 million to stimulate liquidity to attract users and developers, and $25.1 million to support operations for two years. The proposals were supported by more than 80% of holders of the native UNI token.

The implementation of Uniswap Unleashed could pave the way for a long-standing community goal: shifting a portion of the protocol’s revenue from liquidity providers (LPs) to UNI holders. Uniswap currently generates over $1 billion in annual trading fee revenue.

This revenue sharing proposal would see the Uniswap Foundation transition from an NPO to a legal entity to clarify its legal status and the ability to enter into contracts with other protocols.

UNI is ranked 35th overall by cryptocurrency market cap with $4.1 billion and is trading at $6.81, up 0.7% in 24 hours. Weekly growth was 16%.