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%.
🦄Verifying ourselves as a @UniswapProtocol #UNIDelegate on Sybil🏛️https://t.co/SuuzI9Tj7Y addr:0x458cEec48586a85fCFEb4A179706656eE321730E sig:0xd18f9512640a34b30aa63ac13f6f8281971f2ee54ecd789c9311f57ace51a399707e37bb8b417b8ed9b54c9d6db98b8e83935c45d7521219a79fc3bb2f2eda161b — Blockchain at Berkeley (@CalBlockchain) December 21, 2020
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.”
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.