Uniswap Community Is Reacting Against The New Proposal, Here is Why

The Uniswap community is debating against a new proposal that favors Flipside Crypto to the tune of $25 million in funding. The funding is for two years, but the arguments against it are numerous. Many DeFi protocols such as Uniswap provide governance tokens for people to participate in core decisions on their network. The recent proposal also passed through the votes of the community. Although, before the vote for the proposal could be concluded, Dune Analytics raised the alarm against it. The Flipside Proposal The proposal states that holders of UNI will get funds from the project’s treasury to give it $15 million in grants. If the whole program succeeds, an additional $10 million will also go to Flipside next year. Accordingly, Flipside will channel half of the grant to bounties for new Uniswap users who want to learn everything about analytics and DeFi as a whole. Related Reading | SushiSwap Narrowly Escaped A $350 Million DeFi Hack, Here’s How The bounties aim at attracting new users and holding them. Flipside anticipates that such a program would raise 900 new members who won’t cash out the bounties but remain in the network. This is not the first of such programs that Flipside is funding. It is funding others such as yearn, Aave, Uniswap. Another thing is that this proposal would enable people to fund the service. Also, some other analytics providers who will be eligible include The Graph and Dune. Flipside T...