Uniswap DAO is voting to reclaim 12.5 million UNI tokens worth about $42 million that were loaned to delegates and the Uniswap Foundation between 2022 and 2023 to boost governance participation. With governance activity now robust and passed proposals averaging 75 million votes, the original loans are deemed unnecessary. The recall aims to address concerns about voting power misalignment, where delegates hold more voting power than their economic stake, and to reduce dominance by large holders and venture firms like a16z. The vote reflects Uniswap's evolving governance maturity and efforts to enhance decentralization and alignment among stakeholders.
Uniswap (UNI) saw its price rise 3.21% within one hour to $7.08 on October 18, according to Binance spot data. However, over the full 24-hour period, UNI's price declined slightly by 0.27%, showing a mixed short-term performance. During the hour of t...
Uniswap's (UNI) token reserves held on Binance decreased to about 72.9 million after a decline starting October 10. The token's price also dropped, closing at $7.15 on October 17, which is 21% lower than its $9.08 close on October 5. This reserve dec...
Uniswap (UNI) faces less selling pressure as Binance exchange outflows increase, reducing the tokens available for immediate sale. Although UNI's price rebounded towards $7, concerns about potential distribution remain due to previous inflow spikes. ...
Uniswap's governance token UNI was priced at 7.257 USDT on October 18, showing a slight decline of 0.60% over the previous 24 hours, with its trading range between 6.998 and 7.352 USDT. The token allows holders to vote on protocol decisions such as f...
A large cryptocurrency wallet withdrew 2.455 million Ondo (ONDO) tokens from Binance, worth approximately $1.144 million, on October 16. The wallet also holds 1.014 million Uniswap (UNI) tokens valued at $8.91 million and 12,400 Litecoin (LTC) worth ...
