Uniswap, the largest decentralized exchange, has just held its first community conference call to discuss the situation when UNI liquidity mining ends on November 17.
However, in view of the fact that the project party failed to give a clear conclusion and did not put forward a new proposal, this event in the next week may bring great fluctuations in the field.
Since September 17, Uniswap has operated four liquidity pools, each with a weekly income of 583333 UNI. More than $2.4 billion in secured assets were injected into the exchange and pushed it to the top of the DeFi total locked-in value list, but these incentives are coming to an end.
The concern for UNI holders is that if users withdraw their liquidity and sell previously mined UNI tokens when the incentives are exhausted, the price of the tokens may fall in the short term. In the long run, the reduction of new UNI will help prices rise.
According to the comparison data, the price of UNI has risen slightly in the past week and has exceeded US$3.
In addition, some community members are worried that Ethereum, which is worth up to $1.1 billion, may be withdrawn from these four liquidity pools for sale or reinvestment in higher income incentives. Ethereum rose sharply at the beginning of UNI liquidity mining, so the opposite may happen when this activity ends.
Encrypted podcast host Matt Aaron said that he is worried about how to incentivize users to stay in the agreement after the liquidity of the agreement leaves.
Matteo Liebowitz, head of strategy at Uniswap, said, “Any decision on liquidity mining must be made by community members, not the Uniswap team.”
