Yearn.finance founder Andre Cronje has also entered the discussion, asking for UNI holders to vote in favor of the change. Currently, the overwhelming majority of voters are on board, with over 39.5 million voting “for” the change. Approximately 683,000 participants have voted against the change.Univalent voted "for" on proposal 1 by @NadavAHollander https://t.co/VRiiZifDJR
— Andre Cronje (@AndreCronjeTech) October 17, 2020
Quorum is 1.45m votes short.
If you have not yet, please vote "for" via https://t.co/nOHBRjumWs
Proposed changes;
– Quorum decreases from 4% to 3%
– Proposal threshold decreases from 1% to 0.3% pic.twitter.com/JE1jUH3lhW
Controversy Surrounds the Vote
However, not everyone appreciates the idea of the reduced threshold values. The governance proposal, which Dharma initiated, has been subject to the criticism that it may favor whales. Community members have suggested that the change would favor large UNI holders like Dharma and Gauntlet.Pine.finance founder Agustín Aguilar has voted against the change, saying that his priority was to preserve the integrity of governance.Because my priority is to preserve the integrity of the governance, not to pass proposals quickly.
— Agustín Aguilar (@Agusx1211) October 14, 2020
Any proposal can be passed using an autonomous proposal (https://t.co/06gbE5gYtA), so there is no need to lower the limit (we should increase it)
Uniswap Remains the No. 1 DEX
Uniswap launched its UNI governance token on Sept. 16, soon after the Sushiswap fork began drawing users away from it. It did well in terms of use, if not price, following the launch. The team’s decision to airdrop 400 UNI tokens to previous users widely lauded. It is by far the most popular DEX in use, with $2.6 billion locked in, according to DeFi Pulse. Statistics from Dune Analytics also show that monthly volume for Uniswap was $15.3 billion in October — more than what Coinbase recorded in the same month. Uniswap also has the highest number of users, at over 428,000.Disclaimer
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