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Home Latest News Mining Uniswap ‘community call’ will discuss expanding liquidity mining rewards

Uniswap ‘community call’ will discuss expanding liquidity mining rewards

As reported by cointelegraph.com on November 11.2020, decentralized exchange Uniswap has announced an “unofficial community call” set for November. 12 at 5:00 pm UTC. The call is planned to discuss several governance issues central to Uniswap, including the future of its liquidity mining program.

Uniswap’s liquidity mining program is planned to end on Nov. 17. The initial program also allocated 5 million UNI for airdrop to liquidity providers in total, equal to 83,333 tokens daily.

Many assume that the UNI airdrop and liquidity rewards program helped the exchange secure its position as the leading DEX in the face of many vampire attacks. Despite that, the program may have a negative impact on the price performance of Uniswap’s governance token, with the rewards program airdropping more than $260,000 worth of tokens daily at the present price of $3.13 each.

UNI began trading round about $3, with news of the liquidity mining program helping drive a rally to a high of nearly $8 within three days of the token’s launch. Nevertheless, UNI regularly dropped from Sept. 19 through November to post an all-time low of $1.80 on Nov. 5.

Also, some traders think that a halt to the liquidity mining program would be best solution for Uniswap’s token.

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