The biggest news today is undoubtedly that the SEC is preparing to sue $UNI .

The price of uni also fell sharply today, down about 20%.

But Gao Wei thinks this is a good thing.

Uni did something big in February this year: the Uni Foundation proposed that the protocol fees be distributed proportionally to Uni token holders who have pledged and delegated voting rights, mainly in the following three points:

This is absolutely good news for the market. The price of uni instantly jumped from 7u to around 12u.

Originally, in March, this proposal, which had been passed, was going to pay dividends to coin holders, but it was unexpectedly suspended.

It now appears that it was influenced by the SEC.

In the few years since Uni was founded, Adam has processed more than $2 trillion in transactions with a very small team and very little code. The emergence of Uni is a very important milestone for blockchain and DeFi.

Therefore, Uni has always been the leader in the DeFi field, without a doubt.

Gao Wei sympathizes with the current situation that Uni is facing, but to be honest, we can't do anything to help except express our support.

Uni founder Adam said he would fight the SEC to the end, which is a good thing, both for investors and for the project itself.

We cannot allow the SEC to continue to blackmail blockchain projects under the guise of legality, but on the other hand, the SEC will inevitably take more drastic measures to force Uni to compromise.

This sudden incident also caused panic among holders in a short period of time.

Today, some large investors have had their positions liquidated on the chain, and some whales have transferred $10 million worth of uni to Binance. Even the development team itself sold 15,000 uni at around $11.18 after the news came out.

In the foreseeable future, the price of UNI will continue to fall, but this is not a bad thing for investors - because the emergence of SEC has helped us lower the price of UNI, allowing us to enter at a more suitable position and support UNI with practical actions.

We don't like the SEC's extortionate behavior, but we appreciate the cheap chips the SEC sends us.