UNI Price Slides 8% As Uniswap Delays Crucial Voting Proposal

UNI Price Slides 8% As Uniswap Delays Crucial Voting Proposal


In a blow to the momentum of the Uniswap native token, UNI, the decentralized exchange (DEX) has been forced to postpone a highly anticipated proposal that would have improved its token governance and fee distribution model. 

Meanwhile, the company is also locked in a legal battle with the US Securities and Exchange Commission (SEC) over the regulatory status of its UNI token.

Postponed UNI Governance Upgrade Sparks Sell-off 

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On Friday, the Uniswap Foundation announced that it was delaying the deployment of the first proposal to activate Uniswap Protocol Governance. The foundation cited the need for additional due diligence on “a new issue” raised by a stakeholder, underscoring the sensitivity of the proposed upgrade. The Foundation further stated:

This was unexpected, and we apologize for the

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