Uniswap DAO temperature check shows support for investing $12 million UNI
An earlier version of this article stated that the proposal had passed a full vote even though it was just a temperature check. The article has been updated to reflect this.
DAO Uniswap has expressed its support in a temperature check of a proposal to invest 3 million UNI ($12 million) from its treasury into decentralized exchange Ekubo, in exchange for a 20% share of the potential governance token.
Behind the many voices rejecting the proposal there are many comments criticizing it in discussion forums.
Doo Wan Nam, co-founder of StableLab, noted, “If this proposal passes, I think Uniswap governance will have to seriously think about what the role of governance and accountability is.”