UNI, SUSHI, COMPOUND have respectively risen by 66%, 17%, and 12% in the last 24 hours

According to Bitget market data, UNI, SUSHI, COMPOUND have risen by 66%, 17%, and 12% respectively in the past 24 hours.The Uniswap Foundation announced on the evening of February 23 that the Snapshot vote for the proposal "Activate Uniswap Protocol Governance" will be released on March 1, 2024, and the on-chain voting will be released on March 8, 2024. This proposal aims to upgrade the protocol with proposed changes including:

1. Implementing a Uniswap protocol governance upgrade that allows for permissionless and programmatic collection of protocol fees;

2. Proportionally distributing any protocol fees to UNI token holders who have staked and delegated their voting rights;

3. Allowing governance to continue controlling core parameters, including which pools need to pay fees and how much those fees are.

 

Affected by this news release, DEX leader UNI has been trading sideways at a long-term low level before experiencing a sudden surge.