{"id":59297,"date":"2025-11-19T15:32:02","date_gmt":"2025-11-19T15:32:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=59297"},"modified":"2025-11-19T15:32:02","modified_gmt":"2025-11-19T15:32:02","slug":"uniswap-unification-bullish-but-is-this-20m-uni-per-year-allocation-a-tax","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=59297","title":{"rendered":"Uniswap \u201cUNIfication\u201d Bullish But Is This 20M UNI Per Year Allocation A Tax?"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">It has been a mixed year for DeFi, if total value locked (TVL) is the only metric to watch. DeFi protocols, including Uniswap, cumulatively manage over $122 billion at press time, roughly the same amount printed in January.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Aave is still the king, with nearly $32 billion under management, while Lido and other liquid staking platforms dominate the top 10. Uniswap is the undisputed leader of DEX. With a presence in 39 chains, the swapping platform is the <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">most adopted in the top 20<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-310763 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-19T145557.815.png\" alt='The Uniswap \"UNIfication\" proposal is net bullish for UNI. Critics slam the yearly 20M UNI allocation, citing lack of transparency' width=\"1648\" height=\"454\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-19T145557.815.png 1648w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-19T145557.815-300x83.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-19T145557.815-1024x282.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-19T145557.815-768x212.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-19T145557.815-1536x423.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-19T145557.815-50x14.png 50w\" sizes=\"(max-width: 1648px) 100vw, 1648px\"><\/p>\n<p><span data-preserver-spaces=\"true\">(Source: <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/defillama.com\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">DefiLlama<\/span><\/a><span data-preserver-spaces=\"true\">)<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Despite this otherwise superb growth, UNI crypto, the native governance token behind the mega DEX, is yet to reclaim 2021 highs. UNI crypto is perched in the top 50, flipping Toncoin and Polkadot, but holders desire even more given its lead.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-binance-listings\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">16+ New and Upcoming Binance Listings in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">UNI Crypto Spiked Before Falling: Will UNI USDT Reclaim $10?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">There were hints earlier this month that UNI USDT was ready to take off. On November 10, UNI crypto surged by over 50%, reversing sharp losses of October 10. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Although traders piled in, buying on every dip and expecting the token to extend gains throughout November, it didn\u2019t come to pass. On November 11, prices stalled before falling. UNI USDT has since been printing lower lows, stabilizing above $7. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_691de25c09cbc\" data-coin-id=\"uni-uniswap\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n\t\t\t\t<img id=\"crypto_chart_691de25c09cbc-chart__info-icon-img\"><\/p>\n<div class=\"chart__info-name\" id=\"crypto_chart_691de25c09cbc-chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\" id=\"crypto_chart_691de25c09cbc-chart__info-symbol\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\" id=\"crypto_chart_691de25c09cbc-chart__info-price\"><\/div>\n<div class=\"chart__info-change\" id=\"crypto_chart_691de25c09cbc-chart__info-change\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\" id=\"crypto_chart_691de25c09cbc-chart__info-marketcap\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\" id=\"crypto_chart_691de25c09cbc-btn-24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\" id=\"crypto_chart_691de25c09cbc-btn-7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\" id=\"crypto_chart_691de25c09cbc-btn-30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\" id=\"crypto_chart_691de25c09cbc-btn-1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_691de25c09cbc-btn-all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n\t\t<canvas class=\"chart__canvas\" id=\"crypto_chart_691de25c09cbc-cryptoChart\"><\/canvas>\n\t<\/div>\n<\/div>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The good news for UNI bulls is that the uptrend is intact. Notably, the<\/span> <span data-preserver-spaces=\"true\">gains of November 10 have not been reversed. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">What\u2019s clear on the UNI USDT daily chart is a bull flag. If buyers break above the current consolidation, surging above $8.5, there could be more room for <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">more expansion<\/span><\/a><span data-preserver-spaces=\"true\"> towards November highs.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-100x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">10+ Next Crypto to 100X In 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Uniswap Prepares For UNIfication But There is a Problem<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The reason why UNI USDT erupted to as high as $10 on November 10 follows the welcomed <a class=\"general-link\" title=\"After Uniswap Fee Switch, Will Wash Trading And Scam Pools Disappear Overnight?\" href=\"https:\/\/99bitcoins.com\/news\/altcoins\/after-uniswap-fee-switch-will-wash-trading-and-scam-pools-disappear-overnight\/\" target=\"_blank\" rel=\"noopener\">\u201cUNIfication\u201d proposal<\/a> by the team.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">To UNIfy Uniswap, the team proposed a sweeping overhaul to its tokenomics. After implementation, Uniswap will redirect a portion of fees from pools, burn 100 million UNI from the treasury, and merging teams under Uniswap Labs to streamline growth.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As of November 18, the proposal received overwhelming support during the \u201ctemperature check\u201d and is ready for onchain voting. Nearly all those who voted at this stage agreed that the proposal would benefit token holders.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-310761 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-19T145842.663.png\" alt='The Uniswap \"UNIfication\" proposal is net bullish for UNI. Critics slam the yearly 20M UNI allocation, citing lack of transparency' width=\"1468\" height=\"785\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-19T145842.663.png 1468w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-19T145842.663-300x160.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-19T145842.663-1024x548.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-19T145842.663-768x411.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-19T145842.663-50x27.png 50w\" sizes=\"auto, (max-width: 1468px) 100vw, 1468px\"><\/p>\n<p><span data-preserver-spaces=\"true\">(Source: <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/snapshot.org\/#\/s:uniswapgovernance.eth\/proposal\/0x58d854c1f2468db6b67baab026cca1329c7bcaa5bf834146aa7563a5b45ad09f\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Snapshot<\/span><\/a><span data-preserver-spaces=\"true\">)<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, there is a problem.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">With UNIfication, Uniswap will establish a permanent growth budget of 20M UNI per year. These tokens will be vested quarterly starting from January 2026.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">There are no further details on how this \u201cslush fund\u201d will be used, but the team says it will be allocated towards funding ecosystem initiatives, such as issuing grants and sponsoring builder programs.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">While funding ecosystem initiatives is beneficial, some argue that the 20 million UNI budget is not only excessive but can also create structural economic misalignment, effectively taxing the success of Uniswap.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">When a Fixed Token Budget Becomes a Tax on Success<\/p>\n<p>The UNIfication proposal introduces a growth budget of 20 million UNI per year to fund protocol development alongside activating the fee switch. While the fee switch itself is a positive step toward value capture, the growth\u2026<\/p>\n<p>\u2014 G3ronimo (@RyskyGeronimo) <a href=\"https:\/\/twitter.com\/RyskyGeronimo\/status\/1990873377700241809?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">November 18, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Since the fund is fixed at 20 million UNI per year, there is a risk that this design will eventually water down UNI\u2019s valuation and supply dynamics, diverting value from UNI holders to unchecked spending.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">For transparency, the feel among critics is that the proposal should specify precisely how the 20M UNI will be allocated and how grants will be distributed to teams based on which performance metrics.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Uniswap UNIfication Passed, 20M UNI Per Year A Tax?<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">UNI USDT is bullish but stagnant<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Will UNI crypto break above $10?<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">UNIfication passed to the next stage<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Concern over 20M UNI per year allocation to the team<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/uniswap-unification-bullish-but-is-this-20m-uni-per-year-allocation-a-tax\/\">Uniswap \u201cUNIfication\u201d Bullish But Is This 20M UNI Per Year Allocation A Tax?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>It has been a mixed year for DeFi, if total value locked (TVL) is the only metric to watch. DeFi protocols, including Uniswap, cumulatively manage over $122 billion at press time, roughly the same amount printed in January. Aave is still the king, with nearly $32 billion under management, while Lido and other liquid staking [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-59297","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/59297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59297"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/59297\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}