{"id":31696,"date":"2024-05-31T23:13:01","date_gmt":"2024-05-31T23:13:01","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/uniswap-delays-protocol-upgrade-vote-uni-price-falls-9\/"},"modified":"2024-05-31T23:13:01","modified_gmt":"2024-05-31T23:13:01","slug":"uniswap-delays-protocol-upgrade-vote-uni-price-falls-9","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/uniswap-delays-protocol-upgrade-vote-uni-price-falls-9\/","title":{"rendered":"Uniswap delays protocol upgrade vote; UNI price falls 9%"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/PP_Uniswap-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/PP_Uniswap-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/PP_Uniswap-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/PP_Uniswap-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">The Uniswap Foundation announced a delay to an upgrade vote on the protocol\u2019s fee mechanism.<\/span><\/li>\n<li>UNI price reacted lower, declining 9% to hit lows of $10.17.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">The Uniswap Foundation has postponed the governance vote on a proposal aimed at activating a new fee mechanism for the protocol. This proposal would have initiated a fee switch for <a href=\"https:\/\/coinjournal.net\/news\/tag\/uniswap\/\">Uniswap<\/a>, providing for rewards to UNI token holders who stake and delegate their tokens.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As the market reacted to the news, the price of UNI fell by nearly 9% to touch lows of $10.17 across major exchanges.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Uniswap postpones key upgrade vote<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Uniswap announced the fee switch proposal last week, with an on-chain deployment and vote set for today, Friday. However, this will now not go ahead as planned as per a new update.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In an <a href=\"https:\/\/x.com\/UniswapFND\/status\/1796590521072119927\" target=\"_blank\" rel=\"noopener\">update<\/a> today, the Uniswap Foundation stated that the delay relates to an issue a stakeholder raised following the proposal. This has necessitated \u201cadditional diligence\u201d on the part of the Foundation.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201c<em>Due to the immutable nature and sensitivity of our proposed upgrade, we have made the difficult decision to postpone posting this vote. This was unexpected, and we apologize for the postponement. We will keep the community apprised of any material changes and will update you all once we feel more certain about future timeframes<\/em>,\u201d the Uniswap Foundation noted via its official X account.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">UNI price<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The UNI token traded to highs of $11.04 on Friday before the announcement saw the token\u2019s value tumble. <\/span><\/p>\n<p><span style=\"font-weight: 400\">UNI price has moved lower since hitting highs of $11.79 on May 26. The RSI on the daily chart suggests bears might yet target prices around the $10 level.<\/span><\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/x\/cB2el3Q0\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-206284\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/05\/UNIUSD_2024-05-31_22-44-07.png\" alt=\"\" width=\"1074\" height=\"545\"\/><\/a><\/p>\n<p><span style=\"font-weight: 400\">With Unswap price currently changing hands around $10.26, a breakdown below the psychological level could push it to support near $8.00. <\/span><\/p>\n<p><span style=\"font-weight: 400\">As can be seen in the chart above, UNI price fluctuated within the $6.80-$8.22 range for several days before the breakout on May 20.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/uniswap-delays-protocol-upgrade-vote-uni-price-falls-9\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) The Uniswap Foundation announced a delay to an upgrade vote on the protocol\u2019s fee mechanism. UNI price reacted lower, declining 9% to hit lows of $10.17. The Uniswap Foundation has postponed the governance vote on a proposal aimed at activating a [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":31697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31696"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=31696"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31696\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/31697"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=31696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=31696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=31696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}