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

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