Uniswap's founder wants your advice on how to spend $500 million
Unsiwap creator Hayden Adams has taken to crypto-twitter to source feedback on how the DEX should allocate its $500 million governance treasury.
With Uniswap’s native UNI token currently trading at $9.30 after rallying to break its previous all-time high of $7.10 last week, the vested share of Uniswap’s warchest is now valued at more than half a billion dollars.
“What are some of the most impactful ways governance can allocate this UNI?” Adams asked the community.
~$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
Adams received a variety of suggestions, including a request for a second UNI airdrop to recent Uniswap users, a call for 90% of Uniswap’s governance tokens to be burned, and tongue-in-check proposals for the funds be invested in hiring the “shilling” services of various Twitter-users.
Cihan Oztunc, product manager at the New York Stock Exchange, recommended Uniswap launch a VC firm to invest the treasury into promising new crypto projects:
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
Meanwhile, Marquet exchange co-founder, Emiliano Bonassi, tweeted that Uniswap should invest in accelerating the development of Layer 2 scaling solutions.
DeFi commentator Samuel Shadrach asserted Uniswap should buy up a majority share of SushiSwap’s supply and try to force a merger between 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 suddenly unveiled its native UNI token, with 43% of the token’s one billion supply retained by the project’s governance treasury for distribution over “an ongoing basis through contributor grants, community initiatives, liquidity mining, and other programs.”