Top DeFi Tokens Skyrocket as Uniswap Proposes Significant Change

• UNI was overbought but high volatility and buying pressure could push the price toward $15.
• CRV formed a bullish divergence, indicating a possible rise to $0.80.
• AAVE might climb to $110 in the short term as the 9 EMA flipped the 20 EMA.

Cryptocurrencies with DeFi fundamentals including Uniswap (UNI), Curve DAO Token (CRV), and Aave (AAVE) registered mind-blogging price jumps on February 23. This pump occurred because the Uniswap Foundation announced a major proposal to its fee structure.

According to Uniswap, its governance lead, Eric Koen, proposed upgrading the UNI reward system. The proposal noted that stakers and delegators should have access to UNI rewards.

New Governance Proposal Posted

UF Governance Lead @eek637 just posted a proposal to upgrade Uniswap Protocol's governance system. Specifically, this upgrade would reward UNI holders who have staked and delegated their tokens.

— Uniswap Foundation (@UniswapFND) February 23, 2024

In a different post on X, Koen explained that the large-scale upgrade, if approved, could improve the protocol’s decentralization. He also mentioned that it was important to take the step so Uniswap could maintain i…

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