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
Other news
ProBit Global Announces Comprehensive Winddown of Exchange Operations
ProBit Global has initiated a structured termination of its exchange services due to regulatory pressures, starting with a halt on new signups and culminating in a full service shutdown by April 2026.
Market Response to Confer's Premium Pricing and Accessibility
Confer has introduced a premium subscription model priced at $35 per month, raising questions about accessibility for a wider audience.
Confer's Unique Privacy Architecture Outshines Mainstream AI
Confer's launch highlights a significant advancement in AI privacy architecture, ensuring user conversations remain private through Trusted Execution Environments and end-to-end encryption.
Moxie Marlinspike Launches Confer, a Privacy-Focused AI Service
Moxie Marlinspike, cofounder of Signal, launches Confer, a privacy-focused AI service designed to protect user conversations from corporate surveillance.
Bitcoin Price Surges Above 97,000 Amid Market Analysis
Bitcoin's price surged above 97,000 on January 14, marking its highest level since November, as analysts discuss potential changes in market structure.
Local Crypto Platforms Comply with New Regulations
Local crypto platforms in South Korea comply with new Google Play regulations by completing FIU registration, allowing them to remain available on the platform.
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