Uniswap community again fails to reach quorum in second governance vote in the platform’s history

The second-ever Uniswap community vote did not gather a sufficient number of votes. The question was about conducting a new airdrop of 5 million UNI tokens.

For the initiative from the Dharma lending project, almost 37.55 million tokens voted in favor, while 1.28 million were against. To approve the proposal, a quorum of 4% of token holders (40 million) is required.

Source: uniswap.org.

In an interview with CoinDesk, Dharma co-founder Brendan Forster expressed regret at the outcome of the vote:

“Although we are disappointed that Proposal No. 2 was not approved, we remain committed to participating in governance of the Uniswap ecosystem.”

Earlier, the first-ever Uniswap vote on lowering the minimum threshold for submitting governance proposals also failed to reach the quorum.

For the history of Uniswap and how the platform became the first DEX to surpass the trading volumes of well-known centralized exchanges, read in the article ForkLog.

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