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Sonic Labs Proposes Uniswap DAO Allocates $250,000 UNI as Liquidity Mining Rewards

Twitter icon  •  Published 1 day ago on January 6, 2025  •  Hassan Maishera

On Saturday, the Sonic Labs team announced via X that they have proposed that Uniswap DAO allocate $250,000 UNI as liquidity mining rewards in addition to their $500,000 S.

Sonic Labs Proposes Uniswap DAO Allocates $250,000 UNI as Liquidity Mining Rewards

On Saturday, the Sonic Labs team announced via X that they have proposed that Uniswap DAO allocate $250,000 UNI as liquidity mining rewards in addition to their $500,000 S.

Sonic proposes that Uniswap DAO allocate $250k worth of $UNI tokens as liquidity mining rewards for 6 months from the date of launch. Concurrently, Sonic Labs will provide $500k in $S tokens to the DAO.

Uniswap is a decentralized exchange protocol built on Ethereum. To be more precise, it is an automated liquidity protocol. No order book or centralized party is required to make trades. UNI, the native token of Uniswap, is currently trading at $15.490, up 3% in the last 24 hours.

Sonic (previously Fantom) is building a programmable platform on a directed acyclic-graph-based distributed ledger. Its FTM coin is down 1% in the last 24 hours and is currently trading at $0.8171.

 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.