{"id":265386,"date":"2021-06-03T06:43:54","date_gmt":"2021-06-03T03:43:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/consensys-throws-its-weight-behind-uniswap-defi-lobbying-proposal\/"},"modified":"2021-06-03T06:43:54","modified_gmt":"2021-06-03T03:43:54","slug":"consensys-throws-its-weight-behind-uniswap-defi-lobbying-proposal","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/consensys-throws-its-weight-behind-uniswap-defi-lobbying-proposal\/","title":{"rendered":"# ConsenSys throws its weight behind Uniswap DeFi lobbying proposal"},"content":{"rendered":"<p>&#8220;<strong># ConsenSys throws its weight behind Uniswap DeFi lobbying proposal <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvNDVlMTAzZTYtNjQyNi00ZmNiLTllNWYtOTRhYWRlZjU5NzhmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Ethereum solutions provider ConsenSys has pledged support for a Uniswap governance proposal to set aside tokens for a new decentralized finance (DeFi) fund for political lobbying.<\/p>\n<p>The proposal was made on May 27 by the Harvard Law School Blockchain and FinTech Initiative for the creation of a fund that would finance existing and new political groups engaged in crypto policy-making and lobbying to defend DeFi against regulation.<\/p>\n<p>The Harvard Law BFI proposal cited concerns that governments around the world may try to regulate DeFi without proper education and suggested a fund of 1-1.5 million UNI. It ledged more than 10 million tokens in support of the idea. The proposal is headed towards a full vote. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Some <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Consensys?ref_src=twsrc%5Etfw\">@Consensys<\/a> thoughts (support) on the recent <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/HarvardLawBFI?ref_src=twsrc%5Etfw\">@HarvardLawBFI<\/a> Uniswap policy proposal.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/GuVUlUjXiL\">https:\/\/t.co\/GuVUlUjXiL<\/a><\/p>\n<p>cc <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/RebeccaRettig1?ref_src=twsrc%5Etfw\">@RebeccaRettig1<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/boironattorney?ref_src=twsrc%5Etfw\">@boironattorney<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/jchervinsky?ref_src=twsrc%5Etfw\">@jchervinsky<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ammori?ref_src=twsrc%5Etfw\">@ammori<\/a><\/p>\n<p>\u2014 Matt Corva (@MattCorva) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MattCorva\/status\/1400120166260744192?ref_src=twsrc%5Etfw\">June 2, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> legal counsel at ConsenSys, Matt Corva,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/gov.uniswap.org\/t\/consensus-check-uni-should-fund-a-political-defense-organization-for-decentralized-finance-copy\/12717\/3\"> stated<\/a> that educating lawmakers is of critical importance at this juncture, \u201cparticularly as we creep towards true aspirational &#8216;main street&#8217; use of our technologies\u201d:<\/p>\n<blockquote><p>\u201cIn sum, this is a terrific effort and Uniswap taking the first step could break the floodgates of other large treasuries supporting this (or similar) initiatives.\u201d<\/p><\/blockquote>\n<p>Calling it \u201cone of the best initiatives to date\u201d, Corva stated that the firm had been engaged in some form of policy and advocacy, either directly or indirectly, since early 2016. He added that the two best uses for community funds in his view were things that drive real-life use of the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>, and simultaneous advocacy.<\/p>\n<blockquote><p>\u201cTherefore, we will be supporting this and have already communicated to our portfolio companies our wish that they consider doing the same.\u201d<\/p><\/blockquote>\n<p>According to the firm&#8217;s investment arm <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/mesh.xyz\/portfolio\/\">Mesh<\/a>, portfolio companies include crypto lending platform BlockFi, security firm Quantstamp, scaling solutions provider Starkware, and DeFi protocol Compound Finance, which may be able to tip the voting balance. <\/p>\n<p>The DeFi political defense fund will target the Biden administration\u2019s 2020 budget proposal, which includes a potential expansion of crypto asset reporting requirements, among others.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Consensys should become a Uniswap delegate on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/vc9625wzWi\">https:\/\/t.co\/vc9625wzWi<\/a> \ud83d\ude42<\/p>\n<p>\u2014 Hayden Adams  (@haydenzadams) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/haydenzadams\/status\/1400128542336245760?ref_src=twsrc%5Etfw\">June 2, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Uniswap governance proposal has been controversial since many disagree that a single organization and a handful of lawyers should decide how to deploy lobbying funds for the rest of the community.<\/p>\n<p>Pseudonymous crypto-influencer DCinvestor remained skeptical, stating that the amount requested was \u201csimply too great\u201d, and it is not consistent with responsible treasury management. <\/p>\n<p>Uniswap governance process involves three stages: a \u201ctemperature check\u201d vote requiring 25,000 UNI to pass, a \u201cconsensus check\u201d vote needing 50,000 to pass, and the final vote needing a quorum of 40 million UNI to pass. <\/p>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/snapshot.org\/#\/uniswap\/proposal\/QmVXXEXJJKjFJtwXyy4Xx3gBckhz6TvorZoLgX3yiB7Hki\">snapshot<\/a> reported that there were 34 million votes for and 17.8 million against in the \u201cconsensus check\u201d stage meaning that it will now move to a full vote.<\/p>\n<p>According to<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/etherscan.io\/token\/0x1f9840a85d5af5bf1d1762f925bdaddc4201f984#balances\"> Etherscan<\/a>, there are a number of UNI whale addresses holding more than 10 million tokens and ConsenSys could well be one of them. Its support of the proposal will no doubt be influential on the outcome.<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/consensys-throws-its-weight-behind-uniswap-defi-lobbying-proposal\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# ConsenSys throws its weight behind Uniswap DeFi lobbying proposal &#8221; Ethereum solutions provider ConsenSys has pledged support for a Uniswap governance proposal to set aside tokens for a new decentralized finance (DeFi) fund for political lobbying. The proposal was made on May 27 by the Harvard Law School Blockchain and FinTech Initiative for the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":265387,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvNDVlMTAzZTYtNjQyNi00ZmNiLTllNWYtOTRhYWRlZjU5NzhmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[76402,74868,88700,4965],"class_list":["post-265386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-consensys","tag-defi","tag-uniswap","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/265386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=265386"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/265386\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/265387"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=265386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=265386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=265386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}