Uniswap Labs launches Unichain without unanimous consent from UNI token holders
On October 22nd, one of the largest holders of UNI tokens questioned the decentralization and behind-the-scenes transactions of Uniswap, particularly its claims of making a series of changes for "efficiency" reasons, and the potential undisclosed financial interests between Uniswap Labs and another blockchain called Optimism. Billy Gao, the governance lead of Stanford Blockchain Club (representing thousands of individuals who hold UNI governance tokens), posted a complaint containing 22 posts, which involves Uniswap's sudden decision to launch its own blockchain, canceling the proposed fee-switching mechanism that could benefit UNI holders, and bypassing the DAO that governs Uniswap on the surface.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
