Dune Analytics opposes Uniswap’s US$25 million grant to competitors

Decentralized financial (DeFi) analysis service Dune Analytics has expressed its opposition to Uniswap (UNI)’s governance vote on “community support analysis”, which will enable other analytics provider Flipside Crypto to manage approximately US$25 million in UNI tokens.

Twitter On Thursday, Dune emphasized the lack of community attention on the matter, and also stated that grants should be provided to community members rather than service providers.

In fact, the governance voting page of the proposal shows more than 41 million votes in favor and 2.5 million votes against it. Voting will end on Friday, August 20 at 7:05 AM UTC+1.

According to Dune, funding one provider among multiple analytics platforms is “meaningless”.

“It doesn’t make sense for @uniswap to use eight full-time employees to fund @flipside’s daily operations,” Dune added in his tweet.

The grant itself will enable Flipside Crypto to receive annual installments of US$25 million and US$15 million in two installments.

According to the detailed information shared in the proposal document, it is reported that half of the proceeds generated by Flipside from the fund will be used to improve the Uniswap ecosystem in the form of rewarding community members.

The other 50% of the revenue generated by Flipside will be used to fund the operation of the platform, such as paying salaries-this clause can be interpreted as a 50% management fee for community grant income.

Dune Analytics and Flipside Crypto did not immediately respond to Cointelegraph’s request for comment.

related: Uniswap proposes to enable Dharma to “take over governance”

Dune opposes grants of $25 million to its competitors, which is the latest controversy caused by the apparent centralization of Uniswap’s governance.

As early as July, the DeFi Education Fund received some criticism in the cryptocurrency field Liquidated half of its 1 million UNI token donation The amount at that time was about 10 million U.S. dollars.

The DeFi Education Fund did defend its actions, stating This move is necessary to start its operations.