Uniswap experienced a setback as its native asset UNI faced a decline of approximately 9% on Friday following the decentralized exchange's decision to delay an important protocol upgrade. Originally, the DEX had scheduled an on-chain vote for Friday to push through a proposal introducing a fee mechanism to incentivize UNI token holders who have staked and delegated their tokens. The upgrade's purpose was to ease the burden on Uniswap Governance and preserve the protocol's impartiality. However, a stakeholder highlighted a critical issue necessitating further scrutiny, prompting the Uniswap Foundation to postpone the vote. The Foundation acknowledged the unforeseen nature of the delay and pledged to update the community on any significant developments when more clarity is obtained.
Uniswap's Native Asset UNI Price Dip Due to Delay in Protocol Upgrade
by Giorgi Kostiuk
2 years ago
Made with AI
Tier I
Sector: #18291
Sealed Hiding Place Room
Resource Cache
Tier I
Meme Cache
Tier I
Equipment Cache
Tier I
After collecting, hiding places will be stored in your inventory and can be opened with Keys.
Tier I
Sector: #18291
25%
50%
75%
100%
Tier II
Survivors rescued:
0 / 600
Survivors
0/0
Other news
Hut 8 Wins Bid for Poolin's Texas Datacenter Sites
Hut 8 has successfully bid $140 million for two datacenter sites owned by the bankrupt mining company Poolin.
Senate Banking Committee Democrats Request Hearing on Prediction Markets
Democratic members of the Senate Banking Committee request a public hearing to examine the growing issue of prediction markets and their regulatory implications.
Crypto Economic Activity Remains Strong Despite Market Downturn
Crypto economic activity has shown resilience despite a significant drop in market capitalization, indicating a shift in market dynamics.
Visa's Research Highlights Trust as a Barrier to Stablecoin Adoption
Visa's research highlights that trust and fraud protection are essential for stablecoin adoption, with 36% of US respondents considering their use, especially with bank-level protections.
Cardano's Onchain Governance Approves New Treasury Allocations
Cardano's governance system has approved a new round of treasury allocations aimed at infrastructure and ecosystem development.
Galaxy Invests $100 Million in Onchain Credit Infrastructure
Galaxy has invested $100 million in Sky Protocol's yield-bearing sUSDS, integrating it into its corporate treasury and allowing it as collateral for institutional trading.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter