The votes have been staggeringly in favor, however a quorum was not reached, and Uniswap’s second-ever governance proposal has been defeated.The pr
The votes have been staggeringly in favor, however a quorum was not reached, and Uniswap’s second-ever governance proposal has been defeated.
The proposal, submitted by decentralized finance (DeFi) portal Dharma, was to distribute 400 UNI tokens every to 12,619 addresses that interacted with Uniswap by way of third-party apps. In a shock airdrop on Sept. 17, over 250,000 addresses that had straight used the token-swap platform have been in a position to declare 400 free UNI, valued at properly over $1,000 on the time.
If this and a follow-on proposal involving decentralized trade (DEX) aggregators have been to have handed, $40 million in further UNI would’ve been dished out. Nevertheless, the edge for a quorum on the present proposal – 40 million voted UNI tokens – fell quick by lower than 2.5 million.
The vote rallied protocol politicians on either side of the aisle in latest weeks, with some arguing that additional distributions have been solely honest and others fearful they’d depress UNI’s worth.
When requested to touch upon the outcomes of the vote, Dharma co-founder Brendan Forster informed CoinDesk by way of e-mail:
“We thank the Uniswap neighborhood for his or her engagement over the previous 6 weeks. Whereas we’re upset that Prop 2 didn’t move, we stay dedicated to being stewards for the Uniswap ecosystem and can proceed to have interaction in governance for the advantage of all UNI holders.”