Hayden Adams, Uniswap founder has asked for advice from the cryptocurrency community on how to spend $500 million in the Uniswap treasury.
The founder of Uniswap went to crypto twitter to ask for suggestions on how the decentralized exchange should spend the over half a billion dollars now in its governance treasury.
~$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
UNI has broken its previous all time high price of $7.10 and is currently trading above $9. With this recent move the treasury of Uniswap is currently valued at more than $500 million.
Hayden Adams has received a number of varying suggestions including a request for a second UNI airdrop to Uniswap users.
I suggested an airdrop to all Uniswap users providing liquidity because without them all of these won’t be possible.
Airdrop $UNI to those providing liquidity on Uniswap. They made it all possible…
— Aniekan | qryptocentral.com (@tequaneV) January 19, 2021
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
Samuel Shadrach, a DeFi enthusiast said Uniswap should buy up a majority share of SushiSwap’s supply and try to force a merger between the two platforms.
Uniswap unveiled its native UNI token in September last year, with an airdrop to Uniswap users. 43% (430 million) of the token one billion total supply is retained by the project’s treasury for distribution over “an ongoing basis through contributor grants, community initiatives, liquidity mining, and other programs.”