• Last week, Lido, Uniswap, and Maker released governance proposals. Glassnode reported a stabilized market capitalization of tokens in the DeFi space.
• LidoDAO upgraded to V2 and supports permissionless registration with withdrawals in stake and a staking router. MakerDAO released a new proposal restructuring the architecture with MetaDAOs for farming their own tokens.
• Uniswap is yet to implement a protocol fee that will be exchanged with an asset declared UNI community. The fees stored would be used to manage and distribute revenue generated from the treasury.
Overview
The last seven days have seen stability in the market capitalization of Lido (LDO), Uniswap (UNI), and Maker (MKR). These three DeFi protocols have announced various governance proposals that are significant for the decentralized space.
Lido Updates
LidoDAO has surpassed its governance proposal on Monday regarding its V2 launch as an upgrade, which supports withdrawals in stake and a staking router. As per Glassnode, staked Ethereum (ETH) price remained flat whereas LDO kept surging and reported a marginal growth.
Maker Announcement
MakerDAO has launched its Lending Protocol Spark followed by a new proposal restructuring the architecture according to the Endgame roadmap about MetaDAOs for farming their own tokens with their governance structure. This will produce 10M in a new governance token and 35M in a subDAO token on a yearly basis, leading to reduced demand for stablecoins when DAI and MKR holders upgrade to newer tokens.
Uniswap Proposal
Uniswap is yet to implement its protocol fee that was proposed last week according to its governance proposal. The fees collected are projected at $52M over half a year which is 1/5th of the pool fee, creating an asset called UNI community that will be used to manage and distribute revenue generated from the treasury.
Conclusion
The implementation of these proposals has led to price surges for each respective altcoin related as per Glassnode’s reports, indicating positive implications for future decisions within DeFi spaces moving forward..