The Uniswap Foundation has proposed a significant upgrade to its governance system, aiming to reward UNI token holders who have staked and delegated their tokens by introducing a fee mechanism. This proposal, spearheaded by the Uniswap Foundation's Governance Lead, has sparked considerable interest within the cryptocurrency community, leading to a substantial increase in the price of the UNI token, with reports indicating a surge from $7 to $11, and increases of up to 65%. The proposed changes are seen as a potential catalyst for re-rating DeFi applications across the board, with expectations that other DeFi protocols may follow suit by introducing similar revenue-sharing mechanisms for their token holders. The Uniswap Foundation plans to launch a Snapshot vote for the new proposals on March 1, 2024, with on-chain voting commencing on March 8. This move is viewed as a significant milestone for Uniswap, reflecting a strategic shift towards enhancing token utility and governance participation.