It's a go! Uniswap Foundation becomes reality after 86M votes in favor
The foundation aims to streamline Uniswap's grants program and "reinvigorate governance." The $74 million plan by two former Uniswap Lab executives for a new Uniswap Foundation has just become reality after their proposal received over 99% of the votes from UNI token holders.According to the initial proposal, the foundation aims to streamline Uniswap’s Grant Program (UPG) and reduce friction in the protocol’s governance system. Former Uniswap Labs executive Devin Walsh, now serving as executive director of UF shared the results in a tweet on Aug. 24, noting that the proposal to create the....
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A UC Berkeley blockchain group is playing a direct role in Uniswap governance. Blockchain at Berkley, a student-run blockchain organization, has become the tenth-largest delegate for the Uniswap exchange, highlighting the diverse groups involved with the emerging DeFi platform.The student group has amassed 2.5 million votes, where it’s tied with three other organizations, according to Sybil, an Ethereum governance tool. That gives Blockchain at Berkley a vote weight of 2.336%. Dharma is the largest delegate with 16,659,333 votes, or 14.632%.Verifying ourselves as a @UniswapProtocol....
The largest DEX in the world could be supported by a new $74 million foundation if a new proposal from two community members passes a vote later this month. The Uniswap Labs community has already begun mulling over a new proposal that would form a Uniswap Foundation based in the United States (U.S.), but first, it's going to cost $74 million.The proposal has garnered mixed feedback from the community so far, with many praising the foundation’s plans to support and expand the Uniswap ecosystem, while others have balked at its hefty price tag. The Aug. 5 proposal was put forth by Uniswap....
"For all the talk about credible neutrality and building infrastructure, this would have been the time to abstain, but he chose self-preservation," said DAO member Eric Hu. Brantly Millegan will be staying on as the director of the Ethereum Name Service Foundation after casting more than 363,300 votes against a decentralized autonomous organization proposal to remove him.According to a tally of roughly 3.7 million ENS DAO votes recorded at the end of the voting period on March 5, more than 1.6 million were against removing Millegan as director of the ENS Foundation — 43.39% of the vote.....
It is not the first time Uniswap governance has been dominated by a whale. The effect of whales on Uniswap governance is a topic of hot debate once again after Harvard's blockchain group threw a massive amount of voting power behind its own proposal.The proposal, made on May 27 by the Harvard Law School Blockchain and FinTech Initiative, is for the creation of a fund that would finance existing and new political groups engaged in crypto policy making and lobbying to defend decentralized finance against regulation.The proposed fund would have a chest of 1-1.5 million UNI, worth....
The Uniswap Foundation (UF), the group behind the decentralized exchange (dex) Uniswap, announced the first wave of foundation grants on Wednesday as it plans to distribute $1.8 million total, awarded across 14 grants. The UF announcement details that a touch more than $800K will be awarded to Uniswap Diamond, a project being constructed by GFX Labs.
Uniswap to Disperse $1.8 Million to 14 Different Projects
On September 21, the Uniswap Foundation announced the first wave of grants that aims to bolster the decentralized finance (defi) ecosystem and progress research and....