As a researcher with experience in the cryptocurrency market, I’m following the recent announcement from the Uniswap Foundation regarding the postponement of their proposed upgrade vote. This news comes as a disappointment, especially since it involves rewards for UNI token holders who stake and delegate their tokens.


As an analyst, I’d rephrase it this way: I’ve learned that the Uniswap Foundation has decided to delay a vote on a proposed upgrade to their protocol. This upgrade would have granted rewards to UNI token holders for staking and delegating their tokens.

The Foundation acknowledged that during the past week, a concerned party brought up a novel concern regarding our ongoing project. Thorough examination is necessary on our part to properly address this matter. Given the unchangeable character and confidentiality of our intended modification, we have chosen to delay the public vote.

Uniswap’s (UNI) is lower by 8.75% to $10.20 on the news.

This is a developing story. Please check back for updates.

Read More

2024-05-31 20:51