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🔥 The Buzz: Hold onto your seats Uniswap governance has just given the green light to an EPIC move that’s going to shake things up! They’re taking $gUNI to the next level by adjusting the allocation rate, where a solid chunk (1% 👉 2%) of swap volume fees will now be converted into $gUNI! Why does this matter? Because $gUNI has the power to not only ignite crazy bridge volume but also to reward loyal holders with massive returns! But will this shift put a dent in $UNI’s market cap, or will it push things through the roof as swap volume skyrockets? Buckle up—it’s about to get wild.
💡 The Proposal: Here’s where things get absolutely next-level: the proposal is all about doubling the $gUNI allocation from 1% to 2% of swap fees. Why? To make the swap more attractive, supercharge rewards for the community, and get more people using Uniswap. No changes to the biannual distribution schedule—it’s just a bigger, better reward system to fuel the fire of market sentiment and drive bridge usage like never before. Right now, for every $1M in swap volume, $10,000 is sent to the $sGOLD treasury. But after this change? $20,000 will be allocated to $gUNI per $1M swap volume! All that extra $gUNI will be distributed to active Uniswap users based on wallet activity. We’re talking about massive rewards for those who are really putting in the work! A simple majority of 51% is all that’s needed to flip the switch on this game-changing proposal.
🚨 What the Heck is $gUNI, and When Can You Get Your Hands on It? So, what’s the deal with $gUNI? It’s the next big thing in the Uniswap ecosystem, and it’s about to drop like a bomb. Starting December 1, 2024, you’ll have the chance to claim your share of $gUNI as the Phase 1 distribution kicks off. If your wallet is older than 7 days and you’ve made at least one transaction with $UNI, you’re in! The amount of $gUNI you’ll get depends on both your wallet activity and how much volume you’ve pushed through the bridge. Want a piece of the action? Check if you qualify for the first $gUNI distribution HERE.
⚡ The Execution Plan: Now, here’s the big question: Will the community rally behind this move? If the proposal gets the green light with a 51% or greater vote, the $gUNI allocation will DOUBLE—from 1% to 2%. That means more rewards, more users, and a whole lot more action on the Uniswap network. If this passes, expect to see the new allocation kicking off in Q1 2025—so get ready for the biggest rewards wave to hit Uniswap yet!
👀 Are You Ready for the Ride? Don’t sleep on this—check now to see if you’re eligible for Phase 1 of the $gUNI rewards distribution! If you’ve been a hardcore Uniswap user, this is your chance to cash in big!