With Uniswap's hoard now valued at more than $ 500 million, Hayden Adams has asked the crypto community for suggestions on how to spend it.
Uniswap creator Hayden Adams used twitter to gain insight into how the DEX should allocate its $ 500 million governance hoard .
Given that Uniswap's native token UNI is currently trading at $ 9.30, having surpassed its previous all-time high of $ 7.10 last week, Uniswap's share of treasury is now valued at more than $ 500 million .
"What are some of the most impactful ways that governance can allocate this UNI?" Adams asked the community.
Adams received a number 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 proposals for the funds to be invested in hiring the " shilling " services of various Twitter users .
Cihan Oztunc , Product Manager at the New York Stock Exchange , recommended that Uniswap launch a venture capital firm to invest the treasure in promising new cryptocurrency projects :
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 claimed that Uniswap should buy a majority share of SushiSwap's offering and try to force a merger between the two platforms .
In September, Uniswap suddenly revealed its native token UNI, with 43% of the supply of 1 billion tokens held by the project governance treasury for distribution "on an ongoing basis through grants from taxpayers, community initiatives, mining of liquidity and other programs ".
In its four-year token launch cycle, the protocol will be delivered to the governance treasury on a rolling basis starting at 40% of the total allocation of 430 million UNI in the first year and reduced to 10% , or 43 million UNI in the fourth year.
