Uniswap Foundation Delays Proposal Upgrade Vote

According to CoinDesk, the Uniswap Foundation has announced a delay in a proposal upgrade vote that was intended to provide rewards for UNI token holders who staked and delegated their tokens. The decision to postpone the vote came after a stakeholder raised a new issue related to the proposal that necessitates further scrutiny. The Foundation stated that due to the immutable nature and sensitivity of the proposed upgrade, they had to make the tough decision to delay the vote. The Foundation had previously announced that the first proposal to activate Uniswap Protocol Governance would be deployed onchain. However, the new issue raised by a stakeholder has led to the need for additional diligence on their part to fully vet the proposal. The Foundation emphasized the importance of thorough vetting due to the irreversible nature of the proposed upgrade. Following the announcement of the vote's postponement, Uniswap's UNI token saw a decrease in value by 8.75% to $10.20. This story is still developing, and further updates will be provided as they become available.