The Uniswap Foundation proposal proposes enabling rewards for UNI token holders.

that much Uniswap UNI

-6.01%
The foundation has proposed governance changes to Uniswap, a popular decentralized exchange project.

According to the proposal, the upgrades aim to motivate more thoughtful, engaged and proactive delegates. This also included strengthening the fee mechanism to reward users who delegate and stake their UNI tokens on the platform.

“We are excited to enable governance by tying delegation to protocol fees, encouraging not only delegation, but thoughtful and active delegation,” the Uniswap Foundation wrote in the proposal. “Specifically, we believe UNI token holders will be incentivized to vote on the protocol and select delegates whose participation will lead to the growth and success of the protocol.”

A snapshot vote on the proposal will take place on March 1st, followed by an on-chain vote on March 8th.

Amid this offering, UNI jumped more than 47%, from $7.11 to $10.47 as of 9:52 a.m. ET on February 23, according to UNI’s block pricing page. The token price has increased by 42.53% in the last 24 hours.

Uniswap token price chart | Source: The Block

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