The Uniswap Foundation has postponed a crucial vote on upgrading the protocol's governance structure and fee mechanism due to concerns from a key stakeholder. Legal expert Gabriel Shapiro believes this once again demonstrates that DeFi protocols treat token holders as "second-class" citizens, with their desires yielding to a minority of stakeholders.

The Uniswap Foundation announced last Friday that it has postponed a crucial vote on whether to upgrade the protocol's governance structure and fee mechanism due to concerns from a "stakeholder" believed to be a Uniswap equity investor. This is not the first time Uniswap has delayed a vote on implementing a "fee switch," nor is it the only instance of conflict of interest between token holders and other "stakeholders" of Uniswap. Crypto legal expert Gabriel Shapiro sees this as another example of DeFi protocols treating token holders as "second-class" citizens, with their desires yielding to the wishes of a small subset of stakeholders. (CoinDesk)

Uniswap Foundation postpones crucial vote, legal experts say DeFi protocols overlook token holders