Legal experts: Uniswap's delayed voting once again proves that DeFi protocols treat token holders as "second-class" citizens

ChainCatcher news, the Uniswap Foundation previously postponed a key vote that will determine whether to upgrade the governance structure and fee mechanism of the protocol to better reward holders of the UNI governance token.

Although the Uniswap Foundation stated that this decision was "unexpected" and apologized for it, this is not the first time it has postponed a vote on whether to implement "fee switching." This is also not the only instance of a conflict of interest between token holders and other "stakeholders" of Uniswap.

Crypto legal expert Gabriel Shapiro believes this is another example of DeFi protocols treating token holders as "second-class" citizens, with their wishes subordinated to those of a small group of stakeholders.