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News Explorer — Uniswap DAO Invests $12M in Ekubo in Exchange for a 20% Share of a Governance Token

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Oct 29, 1:42 pm
The Block

Uniswap DAO Invests $12M in Ekubo in Exchange for a 20% Share of a Governance Token

The Uniswap DAO has approved a proposal to invest 3 million UNI tokens ($12 million) from its treasury into decentralized exchange Ekubo. In exchange, the Uniswap DAO will receive a 20% share of a potential governance token. The vote passed with 63% of tokens in favor, with five token holders accounting for 97% of the votes in favor. However, there was opposition to the proposal, with critics questioning the role of governance and accountability.

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