UC Berkeley student group becomes 10th largest Uniswap delegate

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Blockchain in Berkley, a student-run blockchain organization, has become the tenth largest delegate to the Uniswap exchange, highlighting the various groups involved in the new DeFi platform.

The student group has collected 2.5 million votes, where it is tied to three other organizations, according to for Sybil, an Ethereum management tool. It gives Blockchain in Berkley a voting weight of 2,336%. Dharma is the largest delegate with 16,659,333 votes or 14,632%.

Founded in October 2016, Blockchain in Berkeley describes itself as a “hub for blockchain innovation” providing consulting, design and education services. Its partners include Ethereum, Universal Protocol and Hyperledger.

December 23rd Blockchain in Berkley voted for the Uniswap Grants Program v0.1, which outlines a framework for financing ecosystem development. A total of 60,088,813 votes were cast in favor of the program against 9,300 against. The proposal is in line at the time of writing.

Uniswap proposal 3 voting results via Uniswap

Uniswap’s first government referendum in October ended in failure after the delegates were unable to reach the minimum threshold of 40 million votes required for approval. Another vote on October 31 was defeated for a similar reason. Blockchain in Berkley did not participate in either of the two votes.

Uniswap has emerged as the largest decentralized stock exchange, although its governance has pulled control. Industry observers have common complained about UNI whales, which they consider to control the ecosystem. Earlier this month Uniswap’s lifetime volumes peaked at $ 50 billion across 26,000 trading pairs, highlighting the growing utility of decentralized financial exchanges.

Blockchain in Berkeley did not immediately respond to a request for comment.



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