[Lawyer: Uniswap's delayed vote is another example of DeFi protocols treating token holders as "second-class" citizens] The Uniswap Foundation previously postponed a key vote on whether to upgrade the protocol's governance structure and fee mechanism to better reward holders of UNI governance tokens. Although the foundation said the decision was "unexpected" and apologized for it, this is not the first time it has postponed a vote on whether to implement a "fee conversion" to pass on a moderate amount of protocol transaction fees to token holders. This is also not the only time the interests of token holders have conflicted with other "stakeholders" in Uniswap. Crypto legal expert Gabriel Shapiro believes that this is another example of DeFi protocols treating token holders as "second-class" citizens, whose wishes are subordinate to a small group of stakeholders.