| Today, I bring you a buying opportunity.
There’s a vote happening right now on Uniswap that I believe will greatly increase the short-term value of UNI.
Whether it is a good thing for the long-term value of UNI is debatable.
The full proposal is here, and you can watch the live vote here.
The TLDR is that the vote, if approved, will share Uniswap fees with tokenholders who “delegate” their tokens. Think of “staking rewards” that you can earn by staking ETH, and now imagine a similar kind of reward for UNI.
My prediction is this proposal will pass, because UNI token holders will like the idea of making extra money on top of their UNI. (Who wouldn’t?)
Indeed, the price of UNI has already rocketed upward in recent days. I’m predicting it will go even higher.
In today's column, I’ll break down what this proposal is trying to do, what I believe it will actually do, and the new long-term problems that Uniswap will face when (not if) the proposal passes. | 