UC Berkeley student group becomes 10th largest Uniswap delegate

UC Berkeley student group becomes 10th largest Uniswap delegate

Blockchain at Berkley, a student-run blockchain organization, has become the 10th largest delegate to the Uniswap exchange, highlighting the different groups involved in the emerging DeFi platform.

According to Sybil, a governance tool from Ethereum, the student group has garnered 2.5 million votes and is affiliated with three other organizations. That gives Blockchain at Berkley a voting weight of 2.336%. Dharma is the largest delegate with 16,659,333 votes or 14,632%.

Check us out as @UniswapProtocol #UNIDelegate on Sybil️https: //t.co/SuuzI9Tj7Y

Address: 0x458cEec48586a85fCFEb4A179706656eE321730E

sig: 0xd18f9512640a34b30aa63ac13f6f8281971f2ee54ecd789c9311f57ace51a399707e37bb8b417b8ed9b54c9d6db98b8e83935c45d7521219a79fc3bb2f1

– Blockchain in Berkeley (@CalBlockchain) December 21, 2020

Founded in October 2016, Blockchain in Berkeley describes itself as a “hub for blockchain innovation,” providing consulting, design and educational services. Its partners include Ethereum, Universal Protocol and Hyperledger.

On December 23, Blockchain in Berkley voted for the Uniswap Grants Program v0.1, which sets a framework for funding the development of ecosystems. A total of 60,088,813 votes were cast for the program, compared to 9,300 votes against. The proposal is in the queue at the time of writing.

Uniswap proposal 3 Voting results on Uniswap

Uniswap’s first governance vote in October failed after delegates failed to reach the minimum threshold of 40 million votes required for approval. A second vote, cast on October 31, was rejected for a similar reason. Blockchain at Berkley did not vote in either vote.

Uniswap has emerged as the largest decentralized exchange, despite scrutiny of its governance. Industry watchers have frequently complained about UNI whales, which they believe control the ecosystem. Earlier this month, Uniswap’s lifetime volume in 26,000 trading pairs was over $ 50 billion, underscoring the growing utility of decentralized financial exchanges.

Blockchain in Berkeley did not immediately respond to a request for comment.

Stay in the Loop

Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

- Advertisement - spot_img

You might also like...