Ekubo launched a new proposal on the Uniswap Governance Forum, proposing to exchange 3 million UNI for 20% of future governance tokens.

2023/10/17 18:19

Odaily News The Starknet ecological AMM protocol Ekubo, built by Moody Salem, the former team engineer director of Uniswap, released a proposal discussion on the Uniswap governance forum, proposing to establish a partnership with Uniswap DAO with an investment of 3 million UNI (approximately $12 million) in exchange for a 20% share of future Ekubo protocol governance tokens. Moody Salem said that the purpose of 3 million UNI is to maintain the operation of Ekubo, to develop the Ekubo protocol and contribute to the Uniswap protocol. These costs primarily include engineering, auditing and legal support. The proposal would also update the Uniswap V4 license, including granting Ekubo unlimited use on the Starknet network.

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