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Home DeFi

They Want (again) to Give $1000 in Cryptocurrency to Everyone… for Free – Will this Uniswap (UNI) Vote Pass?

n70products by n70products
December 20, 2024
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Final month, Uniswap launched its UNI token and with a large airdrop to its customers. Nonetheless, a gaggle of aggrieved customers needs to set off a second airdrop to get well the tokens they consider are owed to them.

Among the customers that missed the airdrop

On September 17, Uniswap introduced the launch of its governance token: UNI. To have fun the launch, 400 UNIs have been distributed to every tackle that interacted with the protocol earlier than September 1st.

Nonetheless, DeFi is an ecosystem made up of quite a few interactions between the a number of protocols that represent it. Because of this, a superb quantity of customers had used Uniswap by means of different purposes , reminiscent of Dharma or the 1inch or Paraswap aggregators . Sadly for them, these customers are the large forgotten ones within the UNI token airdrop.

A proposal to revive the steadiness

A proposal has been submitted by means of Uniswap’s governance system to right this misunderstanding. Thus, the modification submitted to the vote proposes to retroactively redistribute 400 UNI to 12,619 addresses that didn’t profit from the primary distribution.

Among the many affected purposes, we discover Argent, DeFi Saver, Dharma and Furucombo.

Initiated by Dharma, this proposal will not be the primary of its type. The Dharma protocol had already made a proposal to scale back the thresholds for accepting a proposal. Ultimately, this primary proposal was not accepted for lack of participation.

Subsequently, Dharma, who will not be at his first try, introduced within the newest proposal that they’d settle for this vote as remaining :

“If both of those phases fails, we are going to settle for this as the ultimate choice of the Uniswap neighborhood. If the two phases have been to cross, we won’t vote in favor of different retroactive airdrops.”

On the time of writing, the proposal has attracted a majority of optimistic votes and stands at 25 million UNI “For” versus 1.2 million “In opposition to” .

uniswap

Though the vote is properly underway for the second, it could possibly nonetheless fail if the minimal of 40 million UNI “For” will not be reached. This may characterize a second failure for Dharma.

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