Dune Analytics opposes $25M Uniswap grant to competitor



Source link

Dune Analytics, a decentralized finance (DeFi) analytics provider, has voiced its opposition to a Uniswap (UNI) governance vote for “Neighborhood-Enabled Analytics” that will see fellow analytics supplier Flipside Crypto managing about $25 million value of UNI tokens.

Tweeting on Thursday, Dune highlighted the loss of group consideration to the subject whilst additionally pointing out that grants must be given to group individuals and to not provider suppliers.

Certainly, the governance vote casting web page for the proposal displays over 41 million votes in desire, towards 2.5 million in opposition. The vote will finish on Friday, Aug. 20 at 7:05 AM UTC+1.

In keeping with Dune, investment one unmarried supplier amongst a number of analytics platforms “is unnecessary.”

“There is not any sense for @uniswap to fund @flipside’s day by day operations with 8 full-time workers,” Dune added in its tweet.

The grant itself will see Flipside Crypto obtain $25 million in two annual installments of $15 million and $10 million respectively.

Part of the yield generated through Flipside from the fund will reportedly move in opposition to bettering the Uniswap ecosystem within the type of bounties to group individuals, consistent with the main points shared within the proposal report.

The opposite 50% of the yield generated through Flipside can be used to fund the platform’s operations comparable to fee of salaries — a provision which may be construed as a 50% control rate on profits from a group grant.

Dune Analytics and Flipside Crypto didn’t right away reply to Cointelegraph’s request for feedback.

Comparable: Uniswap proposal under fire for enabling Dharma to ‘take over governance’

Dune’s opposition to the proposed $25 million grant to its competitor is the most recent controversy stemming from the plain centralization of Uniswap’s governance.

Again in July, the DeFi Training Fund got here in for some complaint inside the crypto house for liquidating half of its 1 million UNI token donation amounting to about $10 million on the time.

The DeFi Training Fund did shield its movements pointing out that the move was necessary to kickstart its operations.