Leading decentralized exchange Uniswap announced a “Community Informal Call” on November 12 at 17:00 UTC. The invitation will discuss several key management issues central to Uniswap, including the future of the liquidity management program.
After a large number of competing DEXs attempted to absorb Uniswap users with exorbitant local rewards for liquidity providers during the DeFi boom, Uniswap recalled its original UNI token to users and launched its own cash mining program in mid-September.
The current Uniswap cash mining program is due to end on November 17, and negotiations will begin to expand or revise the existing program. The original program allocated 5 million UNI airdrops to liquidity providers, equivalent to 83,333 tokens per day.
Many believe that UNI’s landing and liquidity bonus program helped the stock market secure its position as a leading DEX in the face of many “vampire attacks”. However, the program could now negatively impact the pricing efficiency of Uniswap’s governing tokens – the reward program lowers the cost of tokens by over $ 260,000 per day to the current price of $ 3.13 each.
UNI started trading at around $ 3 amid news of a liquidity management program that helped lift the surge to nearly $ 8 within three days of the token’s launch. However, the UNI fell steadily from September 19 to early November, reaching a low of $ 1.80 on November 5.
Some traders believe that stopping the liquidity recovery program would be better for the Uniswap token, as Twitter user “Tetranode” informed his 5,000 followers that the termination of liquidity bonuses and associated selling pressure would lead to a new pricing phase for UNI. :
The community will also be invited to discuss the first two failed Uniswap governance proposals, project management processes, and heavy cluster integration with DeFi and MakerDAO.