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.
The CoinDesk 20 index fell 0.7% to 1829.21, with only six of its 20 assets trading higher. Uniswap (UNI) was the top performer, gaining 12.9%, followed by Stellar (XLM) with a 2.7% increase. Meanwhile, laggards included Cardano (ADA) down 3.4% and NE...
Bitcoin surged past $66,500 following the Bank of Japan's interest rate increase to a 31-year high, boosting crypto market confidence. Altcoins Stellar's XLM, Injective's INJ, and Uniswap's UNI saw gains between 13% and 16%, with UNI benefiting from ...
Standard Chartered forecasts the UNI token, linked to Uniswap, could rise from $2.70 to $100 by 2030, driven by the expansion of tokenized assets in decentralized finance (DeFi). The bank expects tokenized assets in DeFi to grow from $340 billion to ...
Standard Chartered has initiated coverage on Uniswap, projecting its UNI token price to reach $100 by the end of 2030, up from around $2.50 currently. This forecast is based on expected massive growth in tokenized assets and decentralized finance (De...
Standard Chartered Bank projects Uniswap's UNI token could rise from $2.70 to $100 by 2030, driven by expanding tokenized assets and decentralized finance (DeFi) activity. The bank expects assets locked in DeFi to grow to $2.7 trillion by decade's en...
