The Countdown to Governance
The clock is ticking on Uniswap’s second governance proposal, with only 30 hours left before the voting deadline. It’s a nail-biter, folks! Currently, the proposal is racking up votes and moving closer to that all-important quorum. But will it make it? Grab your popcorn and let’s find out!
What’s on the Table?
If this proposal is accepted, a staggering 12,619 wallet addresses are set to receive 400 UNI tokens each, totaling a delightful 5.05 million UNI. These tokens aren’t just handed out for fun; they are meant for those users of various platforms like MyEtherWallet, Argent, and others who felt somewhat neglected after the initial distribution.
Why the Proxies?
Dharma, the brains behind this proposal, argues that the selected proxy addresses were less programmatically accessible, meaning they are less likely to have multiple addresses per user. You know, to avoid that pesky issue of bots snatching up tokens like kids at an all-you-can-eat buffet. It’s all about ensuring that each user gets their fair share!
The Voting Statistics
As of now, voting has picked up speed with the pro votes skyrocketing by about 25% in just hours, reaching a respectable 25.93 million in favor, while the opposition lags far behind with only 1.26 million votes against. But don’t start the victory dance just yet; they need a hearty 40 million votes in favor for it to truly pass.
Reflections on the Past
Let’s not forget Uniswap’s first governance vote. Despite massive support with 98% of cast votes in favor, it still didn’t make it due to falling short of the quorum by a measly 1%. It’s a bittersweet reminder that even in the world of crypto, every vote counts—volume, not just enthusiasm!
Responses to Proposal
However, criticism isn’t far behind. Ameen Soleimani, CEO of SpankChain, raised eyebrows over the retroactive distribution plan, suggesting it doesn’t add any “wealth for UNI holders” and might hit the treasury’s funds hard. Yet, in a twist, he announced he’d still vote in favor if it was the last shot at fund recovery. Talk about mixed signals!
