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  • Uniswap Postpones Protocol Upgrade Vote; UNI Tumbles 9%
  • Crypto

Uniswap Postpones Protocol Upgrade Vote; UNI Tumbles 9%

cryptovert June 1, 2024 1 min read

The
Uniswap
Foundation
Friday
announced
a
postponement
of
a
proposal
upgrade
vote
that
would
have
allowed
rewards
for
UNI
holders
who
staked
and
delegated
their
tokens.

“Over
the
last
week,
a
stakeholder
raised
a
new
issue
relating
to
this
work
that
requires
additional
diligence
on
our
end
to
fully
vet,”
said
the
Foundation.
“Due
to
the
immutable
nature
and
sensitivity
of
our
proposed
upgrade,
we
have
made
the
difficult
decision
to
postpone
posting
this
vote.”

Uniswap’s

(UNI)

is
lower
by
8.75%
to
$10.20
on
the
news.

This
is
a
developing
story.
Please
check
back
for
updates.

Continue Reading

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