UNI, The Uniswap Protocol Governance Token Is Live On Ethereum

It’s been revealed just the other day that UNI, the Uniswap Protocol governance token is now live on the Ethereum mainnet.

The announcement posted on Twitter triggered massive enthusiasm among users who manifested their excitement in the comments.

A sad followewr commented: “Yea I got my friends using uniswap literally a few days after and they are upset with me and crypto…. they are still at a loss. Really stinks those people weren’t considered at all…”

Someone else posted this message: “Interesting. Looks like Uniswap learned a lot from Curve’s distribution and launch. DeFi gets stronger!”

Another follower said: “There is still room for improvement. There is little benefit turning a project to a milkcow like @CurveFinance has become and  @UniswapProtocol will be as well. One possible solution: have a lock period / vesting on farmed tokens in order to reduce farm-n-dump.”

The official blog post notes that since the very beginning, the Uniswap Protocol (”Uniswap”) has served as trustless and highly decentralized financial infrastructure.

“Inspired by Ethereum’s vision, we have long committed to the ideals of permissionless access, security, and immutability, all indispensable components for a future where anyone in the world can access financial services without fear of discrimination or counterparty risk,” according to the official notes.

You can claim your UNI now

Uniswap is rivaling with centralized incumbents on daily volume and this shows that there is a massive demand for permissionless financial services.

The blog post also notes that “All historical users, liquidity providers, and SOCKS redeemers can claim their UNI now.”

We recommend that you head over to the original notes to check out all the necessary steps.


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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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