Uniswap Labs launched Unichain without the unanimous consent of UNI token holders.
2024-10-22 10:05:16
On October 22nd, one of the largest holders of UNI tokens raised questions about Uniswap's decentralization and behind-the-scenes transactions, particularly its rhetoric of a series of revamps on the grounds of "efficiency" and a possible undisclosed financial interest between Uniswap Labs and another blockchain, Optimism. Billy Gao, head of governance at Stanford University's Stanford Blockchain Club, a representative entrusted with holding UNI governance tokens by thousands of individuals, published a 22-post complaint about Uniswap's sudden decision to launch its own blockchain, the cancellation of a proposed fee switching mechanism that could benefit UNI holders, and the circumvention of the DAO that ostensibly governs Uniswap.
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