Dune Analytics, a decentralized finance (DeFi) analytics service, has voiced its opposition to a Uniswap (UNI) governance vote for “Group-Enabled Analytics” that will see fellow analytics supplier Flipside Crypto managing about $25 million value of UNI tokens.
Tweeting on Thursday, Dune highlighted the dearth of group consideration to the matter whereas additionally stating that grants needs to be given to group members and to not service suppliers.
Certainly, the governance voting web page for the proposal reveals over 41 million votes in favor, towards 2.5 million in opposition. The vote will finish on Friday, Aug. 20 at 7:05 AM UTC+1.
In line with Dune, funding one single supplier amongst a number of analytics platforms “is unnecessary.”
“There isn’t any sense for @uniswap to fund @flipside’s each day operations with eight full-time workers,” Dune added in its tweet.
The grant itself will see Flipside Crypto obtain $25 million in two annual installments of $15 million and $10 million respectively.
Half of the yield generated by Flipside from the fund will reportedly go in direction of enhancing the Uniswap ecosystem within the type of bounties to group members, in accordance with the main points shared within the proposal doc.
The opposite 50% of the yield generated by Flipside will probably be used to fund the platform’s operations reminiscent of cost of salaries — a provision that may very well be construed as a 50% administration charge on earnings from a group grant.
Dune Analytics and Flipside Crypto didn’t instantly reply to Cointelegraph’s request for feedback.
Dune’s opposition to the proposed $25 million grant to its competitor is the newest controversy stemming from the obvious centralization of Uniswap’s governance.
Again in July, the DeFi Training Fund got here in for some criticism inside the crypto area for liquidating half of its 1 million UNI token donation amounting to about $10 million on the time.
The DeFi Training Fund did defend its actions stating that the move was necessary to kickstart its operations.