Uniswap’s First Governance Proposal Ends In Defeat, Despite The Support Of 98% Of Votes Cast
Uniswap’s first governance proposal has ended in defeat, despite the support of 98% of votes cast. Instead of this, it fell around 1% short of the 40 million vote threshold needed for approval by the close of voting. It has been reported that the poll ended on October 20, with almost 39.6 million UNI staked in favor, compared to around 700,000 opposed. DeFi blogger Danger ”Safetythird” Zhang described the vote as “the DeFi equivalent of winning the popular vote but losing the