uniswap Liquidity Mining expires next week, team offers no management comments
There are currently over $ 2.4 billion in four ETH-based liquidity pools on Uniswap.
These pools have allowed users to earn UNI tokens for the past two months, but these incentives end on Nov 17.
Most of the participants left disappointed because there was still no clear direction of the world's largest decentralized stock exchange or its governance mechanism.
Head of Uniswap Strategy: ‘No Comment’
The call from the community, was quickly directed to the burning issue.
This means that there will be no immediate program extensions or replacement pools.
The impact on this situation could be enormous.
$ 1.2 billion in ETH "Into the Wild"
At current guarantee levels, there is over $ 1.2 billion ETH spread across the four pools. All of this will be released en masse on November 17th.
Today, prices are 18% higher, so we can expect some profit taking.
Some of these funds may be redirected to other DeFi Protocols, or even the ETH 2.0 Staking Agreement.
But the majority will likely quit Uniswap if the protocol fails to entice users to stay.
