According to Cointelegraph: In a turnaround stance, the Uniswap Foundation, the organization overseeing the operation of decentralized exchange Uniswap, postponed the long-awaited vote on UNI staking and delegation rewards originally planned for May 31.
The decision to postpone was prompted by concerns raised by a stakeholder, resulting in additional review and examination, according to an announcement made on the Uniswap DAO governance forum. The proposed upgrade was flagged for further scrutiny due to its irreversible and sensitive nature.
The move towards active "fee switch" and incentives for UNI token holders would have been brought closer by the vote. Nevertheless, enabling a fee switch has been explored for years, with previous similar proposals being delayed due to apprehensions about potential clashes with U.S securities laws.
The community has been mixed in response, with criticisms coming from Dan Robinson, a partner at Paradigm, who accused the Uniswap Foundation of succumbing to pressure from an unnamed venture capitalist firm. Other users pointed out the irony of decentralized governance being influenced by a single VC firm, claiming it undermines the idea of decentralization.
Before the decision on deferral, the Uniswap Foundation's proposal aimed to address past worry points and had already received support in an advisory vote held earlier this year. As per the end of Q1 records, the foundation holds $41.41 million in fiat and stablecoins, along with 730,000 UNI tokens.
