Blockchain at Berkeley Becomes the Tenth-Largest Delegate for the Uniswap Exchange
Blockchain at Berkeley Becomes the Tenth-Largest Delegate for the Uniswap Exchange
December 26, 2020
Blockchain at Berkeley Becomes the Tenth-Largest Delegate for the Uniswap Exchange
Blockchain at Berkeley Becomes the Tenth-Largest Delegate for the Uniswap Exchange
December 26, 2020

Blockchain at Berkeley, a student-run blockchain organization, has become the tenth-largest delegate for the Uniswap exchange by highlighting the diverse groups involved with the emerging DeFi platform.

It has been reported according to Sybil that the student group has amassed 2.5 million votes, where it’s tied with three other organizations that give Blockchain at Berkley a vote weight of 2.336%.

However, Dharma is the largest delegate with 16,659,333 votes or 14.632%. 

The report said that Blockchain at Berkeley describes itself as a “hub for blockchain innovation” providing consulting, design and education services. Its partners include Ethereum, Universal Protocol and Hyperledger.

Katherine Plotz, the Executive of Blockchain at Berkeley, said that her team now conducts meetings “to go over the Uniswap and Compound proposals, looking at them from all angles and seeing what the pros and cons are, before casting a vote.”

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Likewise, Andrew Kirillov, the organization’s head of education, said:

“This opportunity to participate in governance is perhaps the best context our members could have for future contributions in the blockchain space […] We hope to show to the ecosystem just how much thought we put into our analysis of the space…”

Uniswap’s first governance vote in October ended in failure after the delegates were unable to meet the minimum 40-million-vote threshold needed for approval. A second vote cast on October 31 was defeated for a similar reason. 

Thus, Uniswap has emerged as the largest decentralized exchange, though its governance has drawn scrutiny. Industry observers have commonly complained about UNI whales, who they view as controlling the ecosystem.

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.