Uniswap DAO's important contributor Pepo resigned due to governance disputes, questioning the foundation's excessive power

Bitget App

Trade smarter

Cointime2025/05/07 17:44

By:Cointime

Pepo, an important contributor to the Uniswap DAO, announced his resignation on Monday. As one of the top twenty representatives holding 455,000 UNI tokens, Pepo stated that the reason for his resignation was the excessive power and lack of transparency of the Uniswap Foundation.

In March of this year, the foundation received a DAO grant of $165 million for ecosystem development, but was criticized for prioritizing its own interests over those of the DAO. In addition, Billy Gao, Vice Chairman of the Stanford Blockchain Club, and others also expressed concerns about Uniswap Labs launching its own blockchain without discussion with the DAO.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14