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Why Uniswap Holders’ Decision May Have Been at Mercy of This Institution

Recently, Uniswap [UNI] holders who have stuck to the protocol for a long while might need clarity on the operational model of the project.

The reason for this was the evidence flying around that a16z, the Silicon Valley venture capitalist firm, controls the decision and proposal approval of Uniswap.

Bubblemaps, the blockchain data information visualizer confirmed that the speculation might be facts. This is because the investment firm owns 4.15% of the total UNI supply. And 4% is the required supply to own in order to pass any proposal.

Details from the revelation showed that a16z owned 11 wallets which summed up to the aforementioned supply. This means that Uniswap whales were in control of on-chain voting while retail investors were mostly sidelined. 

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