DeFi Protocols See Significant Developments: Ethereum DEX Raises $68M, Uniswap Proposes Fee Switch Activation
DeFi Protocols See Significant Developments: Ethereum DEX Raises $68M, Uniswap Proposes Fee Switch Activation
The decentralized finance (DeFi) landscape is buzzing with activity as an Ethereum-based perpetuals DEX, Lighter, successfully raised $68 million at a $1.5 billion valuation, drawing major VC interest. Concurrently, Uniswap founder Hayden Adams has proposed a 'UNIfication' plan that includes activating the protocol's long-debated fee switch, signaling potential shifts in its economic model and governance structure.
Ethereum Ecosystem Project Secures Major Funding
Lighter, a rapidly expanding perpetuals decentralized exchange (DEX) built on Ethereum, has garnered substantial investment, raising $68 million. This funding round values the protocol at an impressive $1.5 billion and has attracted prominent investors including Peter Thiel's Founders Fund and VC heavyweight Ribbit Capital. This significant capital injection underscores growing confidence in the Ethereum DeFi ecosystem and its innovative trading protocols.
Uniswap Founder Proposes Activating Protocol Fee Switch
In a move with potentially far-reaching implications for one of DeFi's largest protocols, Uniswap founder Hayden Adams has put forth a 'UNIfication' proposal. This initiative aims to streamline operations by combining Uniswap Labs and the Uniswap Foundation. Crucially, the proposal also seeks to activate the protocol's long-debated fee switch. If passed, this activation could fundamentally alter the economic dynamics for UNI token holders and the broader Uniswap ecosystem, introducing a mechanism for protocol revenue generation.