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Ekubo launched a new proposal on the Uniswap Governance Forum, proposing to exchange 3 million UNI for 20% of future governance tokens.

On October 17th, Moody Salem, the former team leader of Uniswap engineers, who is now building the Starknet ecosystem AMM protocol Ekubo, proposed a discussion on the Uniswap governance forum. The proposal suggests establishing a partnership with Uniswap DAO, in which 3 million UNI (approximately $12 million) will be contributed in exchange for a 20% stake in future Ekubo protocol governance tokens. Moody Salem stated that the 3 million UNI is intended to maintain the operation of Ekubo, to develop the Ekubo protocol, and to contribute to the Uniswap protocol. These costs mainly include engineering, auditing, and legal support. The proposal will also update the Uniswap V4 license, including granting Ekubo a license to use Starknet network without restrictions.

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