UNI Farming Won't Be Extended, Incentives End in 4 days

UNI Farming Won't Be Extended, Incentives End in 4 days

By Abhimanyu Krishnan | News | 13 Nov 2020


The Uniswap exchange concluded its first community call on Nov. 12, where the platform’s users discussed several issues, including those related to its UNI farming incentive programs. 

  • The community call focused on several topics, including the first two governance proposals, liquidity mining, and integrations with other projects
  • Participants of the call included Compound Finance founder Robert Leshner and SushiSwap general manager 0xMaki
  • However, the call did not result in any proposal ideas -- including extending the UNI farming incentive program, which is set to end on Nov. 17
  • Uniswap’s four liquidity pools launched on Sep. 17, and was partially responsible for an even faster rise in the popularity of the exchange, distributing 583,333 UNI per week for each pool
  • In order to receive UNI tokens from the pool, users need to stake tokens such as ETH. Once incentive programs end, it will result in the $1.1 billion worth of ETH locked up in the pools being released, which could see a quick exodus of liquidity from the market’s most popular DEX

Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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