Yesterday, the Uniswap founder decided to turn off trading for select coins after being hit up by the SEC. In a blog post yesterday. Uniswap founder said "Today, consistent with actions taken by other DeFi interfaces, we have taken the decision to restrict access to certain tokens through app.uniswap.org."
The top "Decentralized" exchange having it's founder step in should be huge news, right? Well, Coindesk did write an article, but it was very soft in tone and it did not make it on the featured page. Well, why would they try to bury this story? Conflicts of interest.
Grayscale last week released a brand new fund called the Defi Coindesk Index (Grayscale and Coindesk are owned by the same person, so they really aren't separate entities). In that fund there are 10 protocols, but the Uniswap token makes up 50% of the weighting in that fund. For those of you who don't know, the Uniswap token's only use is to have governance over the protocol. The founders stepping in and overrulling everyone else shows how pointless the UNI token is and how centralized the exchange is.
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source https://www.reddit.com/r/btc/comments/oqxcw6/coindesk_is_suppressing_a_huge_story_for_their/
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