{"id":8969,"date":"2024-06-02T17:30:00","date_gmt":"2024-06-02T17:30:00","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=8969"},"modified":"2024-06-02T16:46:00","modified_gmt":"2024-06-02T16:46:00","slug":"uniswap-postpones-protocol-upgrade-vote-uni-drops-9","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/uniswap-postpones-protocol-upgrade-vote-uni-drops-9\/","title":{"rendered":"Uniswap Postpones Protocol Upgrade Vote; UNI Drops 9%"},"content":{"rendered":"\n<p>The Uniswap Foundation announced on Friday that it is postponing a crucial vote on a protocol upgrade, which would have introduced rewards for UNI holders who staked and delegated their tokens. This decision came after a stakeholder raised a new issue that requires further investigation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Foundation&#8217;s Statement<\/h3>\n\n\n\n<p>&#8220;Over the last week, a stakeholder raised a new issue relating to this work that requires additional diligence on our end to fully vet,&#8221; the Foundation stated. &#8220;Due to the immutable nature and sensitivity of our proposed upgrade, we have made the difficult decision to postpone posting this vote.&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Last week, we announced that the first proposal to activate Uniswap Protocol Governance would be deployed onchain today. Over the last week, a stakeholder raised a new issue relating to this work that requires additional diligence on our end to fully vet. Due to the immutable\u2026 <a href=\"https:\/\/t.co\/g35pKG4UTA\">https:\/\/t.co\/g35pKG4UTA<\/a><\/p>&mdash; Uniswap Foundation (@UniswapFND) <a href=\"https:\/\/twitter.com\/UniswapFND\/status\/1796590521072119927?ref_src=twsrc%5Etfw\">May 31, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Market Reaction<\/h3>\n\n\n\n<p>In response to the postponement news, Uniswap&#8217;s (UNI) price dropped by 8.75%, bringing it down to $10.20. The delay has caused significant concern among investors, leading to a noticeable decline in UNI&#8217;s market value.<\/p>\n\n\n\n<p>Also Read: <a href=\"https:\/\/www.cryptometer.io\/news\/uniswap-to-vote-on-new-fee-mechanism-amid-sec-scrutiny\/\">Uniswap to Vote on New Fee Mechanism Amid SEC Scrutiny<\/a><\/p>\n\n\n\n<p>The postponement of the Uniswap protocol upgrade vote highlights the complexities and challenges in implementing changes within decentralized finance platforms. As the Foundation works to address the newly raised issue, the market will closely watch for further updates and potential impacts on UNI&#8217;s value.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Uniswap Foundation announced on Friday that it is postponing a crucial vote on a protocol upgrade, which would have introduced rewards for UNI holders who staked and delegated their tokens. This decision came after a stakeholder raised a new issue that requires further investigation. Foundation&#8217;s Statement &#8220;Over the last week, a stakeholder raised a [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":6805,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[259,43],"tags":[],"class_list":{"0":"post-8969","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-altcoins","8":"category-general-news"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Uniswap Postpones Protocol Upgrade Vote; UNI Drops 9%<\/title>\n<meta name=\"description\" content=\"The Uniswap Foundation announced on Friday that it is postponing a crucial vote on a protocol upgrade, which would have introduced rewards for UNI holders\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cryptometer.io\/news\/uniswap-postpones-protocol-upgrade-vote-uni-drops-9\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uniswap Postpones Protocol Upgrade Vote; UNI Drops 9%\" \/>\n<meta property=\"og:description\" content=\"The Uniswap Foundation announced on Friday that it is postponing a crucial vote on a protocol upgrade, which would have introduced rewards for UNI holders\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cryptometer.io\/news\/uniswap-postpones-protocol-upgrade-vote-uni-drops-9\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoMeter.io\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-02T17:30:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/Uniswap.webp?fit=630%2C315&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"630\" \/>\n\t<meta property=\"og:image:height\" content=\"315\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Adam L\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adam L\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/uniswap-postpones-protocol-upgrade-vote-uni-drops-9\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/uniswap-postpones-protocol-upgrade-vote-uni-drops-9\/\"},\"author\":{\"name\":\"Adam L\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/d05d4ef65ae9752036cc2b5e044592f9\"},\"headline\":\"Uniswap Postpones Protocol Upgrade Vote; 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