In Brief:
- According to the governance voting web page for proposal, over 41 million votes favour, towards 2.5 million in opposition.
- Funding one single provider among various analytics platforms makes no sense.
Ethereum Data firm Dune Analytics shows concern towards the new Uniswap governance Proposal. The New proposal will let, flipsidecrypto manage up to $25M in $UNI tokens and use yield to fund their own operations. Dune analytics Pointed out that the proposal is about to pass In 24 Hr without any kind of community attention.
Dune pointed out in a Tweet, “Grant should go to community members, not service providers”. According to governance voting, a web page for proposals over 41 million votes is in favour, towards 2.5 million in opposition. The vote finished on Friday, August 20 at 7:05 AM UTC+1.
Per Dune, “Funding the operations of one single provider when the market is full of analytics services like @graphprotocol, @tokenterminal, and more makes no sense.”
“There is no reason for @uniswap to fund @flipside’s daily operations with 8 full time employees,” Dune Analytics further added.
The grant request shows Flipside Crypto receives $25M in 2 annual instalments of $15M and $10M. 50% given to ecosystem community members as bounties ($93,750 per month).
Dune called on the UNI community to reject this misuse of funds. And also advised them to attempt to monopolize UNI analytics grants.
Dune also, asked for help from the following entities to stop this proposal
In July, The DeFi Education Fund(DEF) was under a similar dispute for $10M. DEF dumped half of their UNI donations. It brought them under massive backlash.
