Controversy Over Uniswap $20M Grant To “DeFi Education Fund”, Failed Governan...
There has been a lot of debate around decentralized exchange Uniswap and the DeFi Education Fund (DEF). This entity received $20 million or 1 million UNI, the protocol’s native governance token, to be lobby and increase the DeFi sector level of adoption. The funds are to be liquidated in 4 to 5 years. The proposal […]
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The recently formed DeFi Education Fund has come under fire for abruptly announcing it had liquidated half of the 1 million UNI tokens donated to it through UNI governance. The controversial Uniswap-funded DeFi Education Fund has liquidated half of its donated funding into stablecoins, attracting condemnation from many in the crypto community.On June 12, the fund tweeted that it was selling 500,000 UNI to Genesis Trading for 10.2 million USDC in an over-the-counter (OTC) trade, despite the Uniswap proposal for the fund indicating it would liquidate the 1 million UNI over four to five....
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....
The decentralized finance analytics provider said Uniswap grants should be given to community members and not to service providers. Dune Analytics, a decentralized finance (DeFi) analytics service, has voiced its opposition to a Uniswap (UNI) governance vote for “Community-Enabled Analytics” that would see fellow analytics provider Flipside Crypto managing about $25 million worth of UNI tokens.Tweeting on Thursday, Dune highlighted the lack of community attention to the matter while also stating that grants should be given to community members and not to service providers. Indeed, the....
The DeFi Education Fund has defended its shock liquidation of $10 million in UNI, claiming the move was necessary to “begin its work and fund future operations.” The DeFi Education Fund (DEF), an organization funded by Uniswap to spearhead lobbying and educational initiatives in support of the decentralized finance sector, has defended its sudden move to liquidate half of its UNI treasury earlier this week.The organization said it needed to convert the funds into stable assets to weather crypto market volatility.In May, the DEF was conceived in a Uniswap governance proposal from the....
Although education should be the right of every child, it is a reality that many children have not received the appropriate level of education that they rightfully deserve. Despite significant growth in enrollment over the past 20 years, 126 million children worldwide are still dropping out of school. When trying to bring truly equitable and quality education to children, we still face a great many challenges. CoinEx Charity plans to raise public awareness of equity in education through a series of donation programs, covering books, educational materials, and tuition fees, as well as....