Blockchain at Berkley, a student-run blockchain organization, has become the tenth largest delegate for the Uniswap exchange, highlighting the various groups involved in the emerging DeFi platform.
The student group has collected 2.5 million votes and is connected to three other organizations, according to to Sybil, an Ethereum management tool. That gives Blockchain at Berkley a voting weight of 2.336%. Dharma is the largest delegate with 16,659,333 votes, or 14,632%.
Verifying ourselves as one @UniswapProtocol #UNIDelegate on Sybil️https://t.co/SuuzI9Tj7Y
addr: 0x458cEec48586a85fCFEb4A179706656eE321730E
sig: 0xd18f9512640a34b30aa63ac13f6f8281971f2ee54ecd789c9311f57ace51a399707e37bb8b417b8ed9b54c9d6db98b8e83935c45d7521219a79fc3bb2f2161b
– Blockchain at Berkeley (@CalBlockchain) December 21, 2020
Founded in October 2016, Blockchain at Berkeley describes itself as a “hub for blockchain innovation” providing consulting, design and education services. His partners include Ethereum, Universal Protocol and Hyperledger.
On December 23 Blockchain at Berkley voted for Uniswap Grants Program v0.1, which outlines a framework for funding ecosystem development. A total of 60,088,813 votes were cast for the program, against 9,300 votes against. The proposal is in the queue at the time of writing.
Uniswap’s first board vote in October ended in failure after delegates were unable to pass the minimum threshold of 40 million votes needed for approval. A second vote was cast on October 31 reports for a similar reason. Blockchain at Berkley did not participate in either of the two votes.
Uniswap has emerged as the largest decentralized exchange, although its governance has been scrutinized. Industry observers often have complained about UNI whales, which they claim control the ecosystem. Earlier this month, Uniswap’s total volume was more than $ 50 billion across 26,000 trading pairs, underscoring the growing usefulness of decentralized financial exchanges.
Blockchain at Berkeley did not immediately respond to a request for comment.
