Paradigm researcher: Uniswap postponed the vote on "UNI staking and delegation rewards" because a certain VC was putting pressure on it
According to Paradigm researcher Dan Robinson's post on X regarding the "Uniswap postpones UNI staking and delegation reward voting scheduled for Friday" issue, he said, "It is disappointing that a large VC attempted to manipulate the token governance process at the last minute and delay community proposals to advance their own 'pet' project." Dan Robinson did not specify which VC it was.
The Uniswap Foundation plans to launch an on-chain vote at the end of this month to reward UNI holders who have staked and delegated tokens
The Uniswap Foundation announced on the X platform that it will launch on-chain voting on May 31 to upgrade the protocol so that its fee mechanism can reward UNI token holders who have staked and delegated their tokens. Users who participate in this proposal must delegate UNI to themselves or a third party before the start of the vote.
Uniswap founder talks about token distribution: We want tokens instead of points
Uniswap founder Hayden Adams expressed his views on token distribution issues in a post on X platform. He believes that tokens should be used instead of points; do not blindly pursue the number of Farmers; ensure real liquidity from day 1; do not provide biased Farmers with excessive token supply; do not be stingy with token distribution; do not promote token prices; keep it simple; invest real thought and care in token decisions.
UNI falls below $7
Market data shows that UNI has fallen below $7 and is currently trading at $6.99, with a daily decline of 8.87%. The market is fluctuating greatly, so please be prepared for risk control.
Uniswap founder appears to respond again to the U.S. SEC's Wells notice
Uniswap founder Hayden Adams posted on X platform stating that "if they tax unrealized gains, they will need to compensate for the impermanent loss of Uniswap LP." This comment appears to be a response to the recent Wells notice issued by the US SEC.
UniSwap Labs: Limit Order Functionality Now Available
UniSwap Labs announced that the Limit Orders feature has been launched on the X platform, which is applicable to any token on the Uniswap interface with zero gas costs.
Lawyer: US SEC's lawsuit against Uniswap is foreseeable, a sign that DeFi will face more problems
Legal experts say that the move by the US Securities and Exchange Commission (SEC) to sue Uniswap was foreseeable, but they believe that the agency's actions signal that DeFi will face more problems. While the SEC has issued a Wells notice to DeFi exchanges, the agency is also considering a rule proposal that would include these companies.
Fighting for DeFi
Today Uniswap Labs received a Wells notice from the Enforcement Division of the U.S. Securities and Exchange Commission (SEC), notifying us that they are planning to recommend a legal action against us. In the meantime, our entire suite of current products will continue to be available, and we will continue to ship new products. Taking into account the SEC's ongoing lawsuits against Coinbase and others as well as their complete unwillingness to provide clarity or a path to registration to those operating lawfully within the U.S., we can only conclude that this is the latest political effort to target even the best actors building technology on blockchains.
A whale/institution transferred 1.247 million UNI to Binance 1 hour ago
According to Chain Analysis Analyst Yu Jin's monitoring, after the SEC issued a Wells notice to Uniswap Labs, the UNI price fell from $11.2 to the current $9.4, a 16% drop. A whale/institution who bought 1.247 million UNI at an average price of $6.63 in early 2023 decided to clear their position on UNI due to this news: one hour ago, they transferred all 1.247 million UNI to Binance through two addresses. The whale/institution ultimately realized a profit of approximately $3.45 million (+42%) on UNI.
Uniswap Receives SEC Notice of Enforcement Action for Alleged Unregistered Sale of Securities
Uniswap, a decentralized crypto exchange, has received a Wells notice from the SEC indicating that the regulator intends to pursue an enforcement action. While Uniswap CEO Hayden Adams did not disclose the specific charges, Wells notices sent to crypto companies have historically alleged the unregistered offer and sale of securities. Adams expressed frustration with the SEC's focus on attacking good actors like Uniswap and Coinbase, rather than creating clear rules. He also stated that Uniswap will fight the charges, which may take years and have implications for the future of financial technology.
