Uniswap Labs launches Unichain without unanimous consent from UNI token holders
On October 22nd, one of the largest holders of UNI tokens questioned the decentralization and behind-the-scenes transactions of Uniswap, particularly its claims of making a series of changes for "efficiency" reasons, and the potential undisclosed financial interests between Uniswap Labs and another blockchain called Optimism. Billy Gao, the governance lead of Stanford Blockchain Club (representing thousands of individuals who hold UNI governance tokens), posted a complaint containing 22 posts, which involves Uniswap's sudden decision to launch its own blockchain, canceling the proposed fee-switching mechanism that could benefit UNI holders, and bypassing the DAO that governs Uniswap on the surface.
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