$UNI stable price performance might get disturbed by the sudden appearance of a 'sell the news' event
In the case of success, at the current value, the entire protocol would bring in almost $15 million a year, which is, at the current valuation, 314x profit. Additionally, the profit from the fee switch sends money to the protocol, even though there is no staking mechanic implemented.
The excessive funds that would be generated if the proposal goes through have not been assigned yet, even though the consensus is to spend them on further growth of the project.However, industry experts do not see $15 million added annually having a significant effect on the growth of the industry-leading on-chain swap protocol. Even the direct $15 million pool incentive would not change the TVL in the biggest pools.
In the past few days, the protocol's token UNI has been showing a solid price performance despite the descending volume and the overall bearish state of the market. Since Nov. 28,
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