The Block Crypto News12 minutes ago

Published on May 31, 2024 21:52 GMT+00:00edited on May 31, 2024 21:54 GMT+00:00

The Uniswap Foundation, the organization overseeing the decentralized exchange Uniswap, delayed the vote for UNI staking and delegation rewards slated for Friday. 

The postponement was due to a "stakeholder" discussing concerns with the Foundation that prompted more attention. UNI's price fell following the announcement.

"Last week, we announced that the first proposal to activate Uniswap Protocol Governance would be deployed onchain today," the Foundation wrote on the social media platform X. "Over the last week, a stakeholder raised a new issue relating to this work that requires additional diligence on our end to fully vet. Due to the immutable nature and sensitivity of our proposed upgrade, we have made the difficult decision to postpone posting this vote."

"This was …