If you're still assuming every $UNI holder has an equal voice in governance, stop now.
Traders keep FOMO buying into the community narrative only to get sidelined by whales. They miss the real exits when proposals that could actually return value get delayed or killed by concentrated voting power.
Uniswap's $UNI governance depends on voting power, not a simple headcount. The bigger your bag, the more your vote actually matters, which lets a handful of wallets dictate outcomes the same way $MKR whales shaped early MakerDAO decisions that often left smaller participants on the outside looking in.
We've seen this exact pattern with $COMP too. Compound's token-weighted votes frequently turned into spectator sports for anyone without a massive position. On Uniswap it takes 2.5 million $UNI just to submit a proposal, so most of the community never even gets a chance to set the agenda.
That's efficient, sure. It just recreates the same old power concentration a lot of people thought they were leaving behind.
Where do you think this kind of governance actually leads for protocols like Uniswap?
#UNI #DeFi #Governance
Traders keep FOMO buying into the community narrative only to get sidelined by whales. They miss the real exits when proposals that could actually return value get delayed or killed by concentrated voting power.
Uniswap's $UNI governance depends on voting power, not a simple headcount. The bigger your bag, the more your vote actually matters, which lets a handful of wallets dictate outcomes the same way $MKR whales shaped early MakerDAO decisions that often left smaller participants on the outside looking in.
We've seen this exact pattern with $COMP too. Compound's token-weighted votes frequently turned into spectator sports for anyone without a massive position. On Uniswap it takes 2.5 million $UNI just to submit a proposal, so most of the community never even gets a chance to set the agenda.
That's efficient, sure. It just recreates the same old power concentration a lot of people thought they were leaving behind.
Where do you think this kind of governance actually leads for protocols like Uniswap?
#UNI #DeFi #Governance
