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.
LayerZero (ZRO) fell 12.77% in 24 hours, leading declines among major cryptocurrencies as 75 of the top 90 coins lost value. Other notable drops include Ethena (ENA) down 11.49%, Worldcoin (WLD) down 10.95%, and Uniswap (UNI) down 10.67%. Meanwhile, ...
Uniswap (UNI) fell sharply by 9.34% to $6.85, leading declines among major cryptocurrencies over a 24-hour period. The broader crypto market also saw significant losses, with Ethereum-based tokens like Ether.fi and Ondo dropping over 8%, and Bitcoin ...
Two major Uniswap investors are taking opposite approaches with UNI tokens: one whale has accumulated 1.32 million UNI worth $11.05 million over 45 days, while another sold $7.32 million in UNI recently but still holds about 19.3 million tokens. UNI ...
Uniswap (UNI) experienced a 10.80% drop in Open Interest and a 7% price decline as a whale sold 1 million UNI tokens worth $7.32 million, amid broader market fear. The altcoin market has been bearish, with a $173.74 billion drop in market cap over th...
Uniswap (UNI) fell 10.7% in 24 hours, following a broader crypto market decline led by Bitcoin's 5.6% drop. The sell-off was triggered by a Nasdaq chip sector rout, causing liquidations of leveraged positions across cryptocurrencies. UNI's price rema...
