UNI hits two-year high! Profit-sharing proposal in the works? 44 million votes, 100% approval

Uniswap's governance token saw a nearly 16% increase in a single day on 3/6, reaching 147% over the past 30 days. This surge can be attributed to the code update proposal related to granting UNI token revenue-sharing rights in the Uniswap governance forum, sparking expectations for UNI revenue-sharing among many. As of early 3/7, the probability of the proposal passing seems very high. Vote results

Rapid Review of UNI Profit Sharing Proposal

Two new contracts, V3FactoryOwner.sol94 and UniStaker.sol98, will be launched:

• V3FactoryOwner.sol can collect protocol fees without permission and includes a mechanism to convert these fees into a universal ERC20, distributed to UNI stakers
• UniStaker.sol is responsible for managing delegation and fee distribution

The current expected payment method is WETH, but it is not finalized; the proposal states,

What are the internal and external concerns of the UNI profit-sharing proposal? Is the Uniswap proposal intended to challenge SEC regulations?

What are the issues?

• Original liquidity providers LP oppose because stakers do not provide liquidity assistance but still share profits
• If the UNI token introduced by the U.S. company Uniswap Labs has profit-sharing functions, it might be considered a security

Current Proposal Votes: 44 Million Votes 100% in Favor

As of 3/7 at 2:30 AM when the voting ended, there were already 44 million votes in favor; based on past approval cases, the threshold is between 20 to 50 million votes, so victory should be assured barring any surprises.

Possibility of an Upset?

Due to the significant voting power held by venture capital firms investing in Uniswap, there have been cases of last-minute reversals in the past: VC dominance in Uniswap governance, a16z's votes led to LayerZero being selected as a cross-chain bridge. However, the vote manipulation at the time was only 15 million votes, making a comeback unlikely.