Cryptocurrency giant Binance will now play an active role in the management of Uniswap, one of the decentralized exchanges.
Binance to have a say in the management of Uniswap 13.2 million UNIs allocated a budget.
Binance thus about the total votes in Uniswap DAO 5.9% shareholder it happened. This puts the exchange one place behind a16z, which has a 6.7% stake, and is in the Uniswap DAO. second most influential name makes it.
Uniswap founder Hayden Adams is concerned about this new move by Binance. Adams made the following statements from his social media account:
“This is not unprecedented because these UNIs technically belong to Binance users. Under normal circumstances, the more parties involved, the better. But what Binance is aiming for is currently unclear. For the sake of transparency, I hope Changpeng Zhao (Binance’s) clarifies what their plans are.”