- The Uniswap community has approved governance proposals to expand the Unichain network and Uniswap V4 protocol
- Plans include establishing the Uniswap Foundation as a legal entity to support revenue-sharing initiatives
- Over 80% of UNI token holders voted in favor of these proposals
The Uniswap Foundation will take steps to become a legal entity following an overwhelming show of support from the community. The Uniswap community conclusively has approved two governance proposals aimed at enhancing the Unichain network and the Uniswap V4 protocol, including the move to legitimize the Foundation. The cost of this and other objectives will be in the region of $165 million, with the funding also approved by token holders.
Proposals Receive 80% Approval
The Uniswap community voted this week on two pivotal governance proposals collectively referred to as “Uniswap Unleashed.” These proposals introduced a new grants program and liquidity incentives, signaling a strategic effort to bolster the Unichain network and the Uniswap V4 protocol. A notable component of these initiatives is the exploration of a “fee switch,” a mechanism that would allocate a portion of trading fees to holders of Uniswap’s UNI tokens.
A critical step toward implementing the fee switch involves establishing the Uniswap Foundation as a legal entity. This legal status is expected to provide the necessary framework to support revenue-sharing initiatives and enhance the foundation’s ability to manage grants and operational budgets effectively. The foundation has requested $95.4 million for its grants budget and $25.1 million for operations over a two-year period, reflecting a robust commitment to ecosystem growth
Community Support and Future Implications
The proposals received overwhelming support from the community, with over 80% of UNI token holders voting in favor:
We’re thrilled to announce that last night, both UF governance proposals passed quorum.
This marks the beginning of our community’s next era: one that unlocks new opportunities to build, grow and to create and capture value.
→https://t.co/h1NnLUFskL
→https://t.co/kchEqv2PDH pic.twitter.com/udvUgdA3TR— Uniswap Foundation (@UniswapFND) March 19, 2025
This strong endorsement underscores the Uniswap community’s confidence in the strategic direction outlined by the foundation. The establishment of the Uniswap Foundation as a legal entity is anticipated to pave the way for more structured and sustainable growth within the Uniswap ecosystem, particularly in implementing revenue-sharing mechanisms that directly benefit UNI token holders.
