Uniswap creator Hayden Adams posted a tweet in which he asked the crypto community for advice on how to spend the $ 500 million DEX earned.
~ $ 500M worth of UNI has already vested to the Uniswap governance community treasury out of $ 4b total (based on current price)
What are some of the most impactful ways governance can allocate this UNI?
Dream big 🚀
– Hayden Adams 🦄 (@haydenzadams) January 18, 2021
Since the native UNI token from Uniswap is currently trading at $ 9.30 (last week it climbed to its previous all-time high of $ 7.10), Uniswap’s share is now valued at more than half a billion dollars.
Adams received many responses, including a proposal to host a second UNI airdrop for new Uniswap users and a call to burn 90% of Uniswap tokens.
Cihan Oztunch, Product Manager for the New York Stock Exchange, recommended Uniswap to create a venture capital firm to invest in promising new crypto projects:
Create a venture capital firm called Uniswap Ventures and invest that money in new crypto projects. Once that $ 500 million turns into $ 500 billion, we can buy space shuttles and organize space tours for fortunate uniswap users.
Start a VC firm called “Uniswap Ventures” and invest that money into new crypto projects. Once that $ 500M becomes $ 500B, we can buy space shuttles and organize space tours for lucky uniswap users.
– Cihan (@cihan_oztunc) January 18, 2021
Marquet co-founder Emiliano Bonassi tweeted that Uniswap should invest in developing tier 2 scaling solutions.
DeFi proponent Samuel Shadrakh said Uniswap should buy out a controlling stake in SushiSwap’s offering and try to merge the two platforms.
That would be a big balls play lol. Buy up 51% of Sushiswap’s MC and force a merger of the two.
– Samuel Shadrach (@ SamuelShadrach4) January 18, 2021
In September, Uniswap unveiled its own UNI token, while 43% of the billion-dollar token issue remains in the project’s management treasury for distribution on a “permanent basis through grants to participants, community initiatives, liquidity mining and other programs.”
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