Jesse - Page 21

Jesse
Nov 12

UniSwap UNIfication Proposal

Uniswap announced some long-awaited news yesterday. Thought it was about platform revenues going to token holders as rewards but it's not really like that. UNIfication can’t just give out the cash to token holders like dividends because of some legal worries. They're using a different method. They're gonna put platform revenues into a burn mechanism to burn UNI tokens. They hope this makes the UNI price go up and rewards holders that way. The legal worry is that if fees were given out directly like dividends, it could create regulatory issues.