Uniswap Vote Delayed: Compensation for Staking Fees Postponed
CryptoNewsTerminal Staff31 May, 2024
Uniswap Vote Delayed: Compensation for Staking Fees Postponed
The Uniswap Foundation has decided to push back the vote on a proposal to compensate UNI stakers for fees. This delay is due to "new issues [being] raised that require additional analysis related to the proposal." The vote was originally scheduled for May 31st, 2023 (UTC). The foundation explained that the decision to delay was not made lightly. However, they believe that it is important to ensure that the proposal is fully understood by the community before a vote is held. In the meantime, the foundation will continue to work on addressing the concerns that have been raised. UNI has been trending down since the announcement of the delay. As of writing, UNI is currently trading at $10.23, down 8.16%. It remains to be seen how the community will react to the delay and what the long-term impact will be on the price of UNI.
