Uniswap (UNI) Rises 60% on Proposed Token Holder Rewards Amid Major Governance Overhaul

Koen’s proposal is a significant development for the largest decentralized exchange by trading volume and a departure from last year’s plan to compensate token holders for fees incurred. Last June, the Uniswap community rejected a proposal to charge fees for the exchange’s many liquidity pools and distribute a portion of the profits to token holders. Since last October, the exchange began charging a 0.15% fee for cryptocurrency swaps involving ETH, USDC and other tokens initiated on the protocol interface.