TL; DR
Full story
You know that one quote that your Aunt Suze has hanging in her family room?
“If you want to go fast, go alone; if you want to go far, go together”?
(You know the one: it’s written in italics, op faux pieces of shed siding).
No, just us? Okay, this story reminds us of that saying…
Almost all of Web3 is open source. This means that the coding and technical wizardry that makes the whole thing work is actually public.
So if you understand it, you can help build it, solve problems or contribute new ideas (regardless of your background!)
This is how it usually works:
People propose changes to a crypto project/platform → it is voted on by token holders (the more tokens you own, the more votes you get) → edits or suggestions can then be made by voters → if it gets the green light, the community starts building .
The big news of the moment:
Uniswap (the world’s largest decentralized exchange) has a proposal that will be voted on this week, and it looks like people are loving what’s being pitched.
The proposal suggests that $UNI token holders who have staked their tokens and delegated their votes (aka: locked up their tokens and participated in previous votes) will receive a discount on Uniswap’s trading fees of 0.15%.
That doesn’t sound like much, but in the last 24 hours alone, Uniswap has collected ~$200 million in fees.
And this could be the perfect embodiment of the Web3 ethos:
Those who have actively contributed to building/guiding/shaping the platform into what it is today can now directly benefit from the results of their efforts.
Very cool.