Uniswap has officially gone live with its governance token, dubbed UNI.
One billion tokens have been minted, according to a blog post, which will become available over a four-year period. 60% of that amount will be allocated to community members and 21.51% to "team members and future employees." 17.80% of tokens will be allocated to do investors with a four-year vesting schedule, and 0.069% will be allocated to advisors with a four-year vesting cycle.
"A perpetual inflation rate of 2% per year will start after 4 years, ensuring continued participation and contribution to Uniswap at the expense of passive UNI holders," the post explains.
The post positioned the UNI as the next step for a fast-growing protocol, noting the DEX's rapidly expanding volume and liquidity figures.