Today, Iโm incredibly excited to make my first proposal to Uniswap governance on behalf of @Uniswap alongside @devinawalsh and @nkennethk
This proposal turns on protocol fees and aligns incentives across the Uniswap ecosystem
Uniswap has been my passion and singular focus for the past 8 years. What started as a small side project is now global financial infrastructure powering thousands of applications with ~$1.8 trillion in annual trading
UNI launched in 2020, but for the past 5 years Labs has been unable to meaningfully participate in Uniswap governance, and has been greatly restricted in the ways it can build value for the Uniswap community. That ends today!
This restriction was in great part due to a hostile regulatory environment that cost thousands of hours and tens of millions in legal fees. Fortunately, the regulatory environment has shifted
This proposal comes from a strong desire to see the Uniswap protocol win as the global decentralized exchange for tokenized value
At a high level, the proposal:
1. Turns on protocol fees and uses them to burn UNI
2. Sends @unichain sequencer fees to the UNI burn
3. Burns 100M UNI from the treasury representing the protocol fees that could have been burned if fees were turned on at token launch
4. Introduces Protocol Fee Discount Auctions, a new way to improve LP outcomes and internalize MEV to the protocol
5. Introduces "aggregator hooksโ which will turns Uniswap v4 into an onchain aggregator that collects protocol fees on external liquidity sources
6. Focus Labs on driving protocol growth and adoption, including a contractual agreement to only pursue initiatives that align with Uniswap governance interests
^ As part of this, Labs will stop collecting fees on its interface, wallet, and API to supercharge distribution and adoption of the Uniswap protocol
7. Moves Foundation employees to Labs with a shared goal of accelerating protocol growth, under a growth fund from the treasury
8. Move governance-owned Unisocks liquidity to v4 on Unichain and burn the LP position
I believe Uniswap protocol can be the primary place tokens are traded. This proposal sets the stage for the next decade of its growth
@Uniswap will ship relentlessly over the coming years and supercharge the ecosystem of developers, LPs, and traders building on top
I'm so grateful to the community that has made this all possible, and excited for what's next
๐ฆ
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We are delighted to announce that @tastytrade has expanded the number of crypto assets that their customers can now access and trade, powered by Zero Hash.
The expansion follows record crypto trading volume in Q4 2024 on the tastytrade platform. By leveraging Zero Hashโs full-stack API, tastytrade can quickly integrate the most popular digital assets without complexity.
Ryan Grace, Head of Digital Assets at IG North America said, โWe were early crypto supporters, launching this set up with Zero Hash in 2020, furthering our mission of integrated access to all asset classes - including a growing number of digital assets. We will continue giving customers more choices in the fast-moving crypto space while maintaining the powerful, intuitive, and trusted experience they expect from tastytrade.โ
Read the full press release: https://t.co/wZGPbaUrlB
In April, the SEC issued a Wells notice claiming that Uniswap Labs operated as an unregistered broker, operated an exchange, and issued an unregistered security
As of yesterday, that investigation has officially been closed, and the SEC is taking no enforcement action
This is a huge win for DeFi and reaffirms what weโve always known โ that the technology we build is on the right side of the law, and our work is on the right side of history ๐ฆ
What is BEANS?
Our brand-new live variety show where we spill the alpha, explore Web3, & reward the real ones.
๐จ LIVE giveaways every episode. First show: Wed, Feb 19 @ 9 AM CT.
๐๏ธ Set your alarm, turn on notifications, & don't be late.
๐ก Watch on X, YouTube & Facebook
๐ฌ Tag a friend who needs to be there!
#BEANS #tastycrypto
Happy HODLdays from the tastycrypto team! ๐๐
May your wallets be full, your bags be mooning, and your holiday photos be only slightly less cringe than ours. ๐คโจ
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