Uniswap Proposes Revenue Share for Token Holders, Avalanche Suffers Network Outage

Feb 23, 2024
Market Update Equities are relatively flat in Friday’s trading after yesterday’s sharp surge. The SPY has gained 0.16%, while the QQQ is down 0.09%. Crypto assets are underperforming compared to equities with $BTC (-0.47%) briefly dropping below $50.7k and $ETH (-1.20%) retreating to the low $2,900’s. Reddit filed for its S-1 yesterday, indicating that it had invested some of its excess treasury funds into Bitcoin, Ether, and Polygon. Following the disclosure, $MATIC surged upwards of 5% up to $1.06. It has since retraced the entire gain but could be indicative of a future where more corporations begin adding digital assets to their balance sheets.The Uniswap Foundation’s governance lead has proposed introducing fee rewards for $UNI holders who stake and delegate their tokens. If approved, the proposal hopes to improve Uniswap’s governance system, making delegation of tokens a prerequisite to revenue share, hopefully sparking increased governance activity while providing increased utility for token holders. Uniswap is the dominant decentralized exchange across multiple chains and has accumulated nearly $600 million in fees over the last year. $UNI has surged over 50% following the proposal as investors have patiently waited for a revenue share mechanism. Assuming the

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