Venture capital firm a16z 's ownership of a massive trove of Uniswap's UNI tokens – and the votes it controls – are suddenly at the center of a crypto debate over how decentralized Uniswap really is. skesslr writes for today's Valid Points newsletter.
called Wormhole as a key part of its infrastructure for a planned expansion to Binance’s BNB blockchain.
But the issue raises the question of how things might have played out differently if a16z had made full use of its voting powers. Uniswap DAO’s governance process frequently feels more procedural than anything else, with most proposals garnering limited community discussion and near-unanimous approval. “One of the largest issues in governance is voter apathy,” explained David Shuttleworth, the director of token engineering at Binance’s VC arm, Binance Labs. “Maybe you get 10% turnout, and a lot of those votes are not highly contested.
The Uniswap Foundation – a non-profit organization tasked with managing the day-to-day operations of Uniswap’s governance machine – ultimatelyopened to voters on Feb. 2. This new proposal – which closes to voters on Friday – will officially ratify Wormhole as Uniswap’s bridge partner if it passes.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uniswap to Deploy on Boba Network Following Successful Governance VoteThe successful governance vote will result in the deployment of Uniswap V3 on the Boba Network in the coming weeks.
Read more »
Uniswap DAO Approves Boba Network Deployment in Latest Community VoteWith its deployment on Boba Network, Uniswap has the opportunity to expand its community to include the users within Boba’s multichain ecosystem, significantly increasing both its total value locked and its transaction volume.
Read more »
Californians could vote on allowing felons to vote from prisonCalifornians may get to decide whether those convicted of felonies should be allowed to vote while incarcerated.
Read more »
Community votes to deploy Uniswap v3 on Boba NetworkUniswap is coming to the Boba Network. A proposal submitted by the Boba Foundation and FranklinDAO to deploy Uniswap v3 on Boba Network passed with over 51 million votes.
Read more »
New York’s rent stabilization laws upheld after contentious court battle | amNewYorkRenters in the Empire State can breathe a sigh of relief, as a heated federal court challenge to New York's Rent Stabilization Laws was unsuccessful.
Read more »
Biden touts economic progress and spars with Republicans in contentious State of the Union addressPresident Biden touts economic progress, spars with Republicans and previews the case he'll make for re-election in his State of the Union address.
Read more »