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Genesis DAOGenesis DAOby0x0a3044dbfeEC3a8F8464363D568962734061229Bmaxwell.wallet

Buy 30ETH of Uniswap

Voting ended over 3 years agoFailed

Invest 30ETH into UNI token

Uniswap holders voted (near-unanimous) to turn on the fee switch on 3 liquidity pools for a period of 4 months after which they will vote to keep it on or not.

Here is the governance vote: https://snapshot.org/#/uniswap/proposal/0xe9f8e5dd7ec26f7c0e7dd9e19bb8d57497d27d4a74be01cd3cad159cf3901b7f

Opportunity: First time the protocol will generate profit. The 3 pools activated would have generated $3.48M-$7.82M annualised. If fees are activated on all pools this would have generated $120.8M

Risk: Liquidity moves to other DEXs (unlikely since all other major DEX take a cut of LP fees)

For more in depth review of the opportunity you can refer to this comprehensive Bankless article: https://newsletter.banklesshq.com/p/what-if-uniswap-turned-on-the-fee

Off-Chain Vote

For
29 GDAO96.7%
Against
1 GDAO3.3%
Abstain
0 GDAO0%
Quorum:30%
Download mobile app to vote

Timeline

Nov 10, 2022Proposal created
Nov 10, 2022Proposal vote started
Nov 12, 2022Proposal vote ended
Jun 05, 2025Proposal updated