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

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Last month, Uniswap launched its UNI token and with a massive airdrop to its users. However, a group of aggrieved users wants to trigger a second airdrop to recover the tokens they believe are owed to them.

Some of the users that missed the airdrop

On September 17, Uniswap announced the launch of its governance token: UNI. To celebrate the launch, 400 UNIs were distributed to each address that interacted with the protocol before September 1st.

However, DeFi is an ecosystem made up of numerous interactions between the multiple protocols that constitute it. As a result, a good number of users had used Uniswap through other applications , such as Dharma or the 1inch or Paraswap aggregators . Unfortunately for them, these users are the big forgotten ones in the UNI token airdrop.

A proposal to restore the balance

proposal has been submitted through Uniswap’s governance system to correct this misunderstanding. Thus, the amendment submitted to the vote proposes to retroactively redistribute 400 UNI to 12,619 addresses that did not benefit from the first distribution.

Among the affected applications, we find Argent, DeFi Saver, Dharma and Furucombo.

Initiated by Dharma, this proposal is not the first of its kind. The Dharma protocol had already made a proposal to reduce the thresholds for accepting a proposal. In the end, this first proposal was not accepted for lack of participation.

Therefore, Dharma, who is not at his first attempt, announced in the latest proposal that they would accept this vote as final :

“If either of these phases fails, we will accept this as the final decision of the Uniswap community. If the 2 phases were to pass, we will not vote in favor of other retroactive airdrops.”

At the time of writing, the proposal has attracted a majority of positive votes and stands at 25 million UNI “For” versus 1.2 million “Against” .

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

Although the vote is well underway for the moment, it can still fail if the minimum of 40 million UNI “For” is not reached. This would represent a second failure for Dharma.

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Ethan Hunt

Bitcoin Maximalist and Toxic to our banking and monetary system. Separation of money and state is necessary just like the separation of religion and state in the past. Also, pro-local, pro-global and anti-national.

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