$25M Uniswap Proposal Sparks Another Governance Controversy
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$25M Uniswap Proposal Sparks Another Governance Controversy

THELOGICALINDIAN - The angle would alleviate 25 actor account of UNI tokens from Uniswaps treasury to abutment abstracts analytics close Flipside Crypto

A arguable new babyminding angle is up for a vote on Uniswap. The angle would admeasure $25 actor account of UNI tokens to the crypto abstracts analytics close Flipside Crypto.

More Criticism Over Uniswap Governance

A new Uniswap governance proposal has sparked debate over decentralization and discrimination in the crypto community.

Flipside Crypto, a community-driven abstracts analytics close focused on crypto, has requested a $25 actor admission to accounts its action over the abutting two years. Competing abstracts analytics close Dune Analytics took to Twitter to accurate its depression at the proposal. “Grants should go to association members, not account providers,” the advertisement read.

Until Dune Analytics’ post, votes were in cutting favor of the proposal. Dune Analytics argued that Uniswap was finer acrimonious a distinct champ out of the abounding firms absorbed in crypto analytics. Other arch abstracts analytics firms in the amplitude accommodate Nansen, The Graph, and Token Terminal.

The angle has back accustomed abounding aggressive votes mostly adjoin the proposal. The majority has now confused to a NO vote, with about 41 actor for and 46 actor adjoin at the time of writing. Voting ends on Aug. 20.

Of the yes voters, the assorted university blockchain clubs to whom Andreessen Horowitz distributed best of its UNI tokens represent best of the abutment for the proposal. Some of the better opponents accommodate Dharma, Compound architect Rob Leshner, and articulate crypto apostle DCinvestor.

In a tweet acclamation the proposal, DCinvestor said that the antecedent of projects “using the UNI treasury for ample banknote grabs to abutment pet causes generally benefitting attenuated groups of actors is actual bad.”

The Flipside Crypto angle is the additional adventure in which Uniswap’s babyminding action has appear beneath blaze in contempo weeks. Last month, the DeFi Education Fund was criticized for auctioning $10 actor account of UNI for USDC afterwards it accustomed a $20 actor admission from the Uniswap treasury. The vote for the angle anesthetized afterwards some university clubs that Andreessen Horowitz had delegated UNI tokens to voted in favor of the proposal, sparking agitation over Uniswap’s amount of decentralization.

At this point, the latest angle seems actual absurd to canyon due to the articulate action on Twitter.

Disclaimer: The columnist captivated ETH, and several added cryptocurrencies at the time of writing. The columnist additionally holds UNI through an basis token.