A UNISWAP cryptocurrency delegate known as Pepo Rage-Indian the Dao, calling the Uniswap Foundation on a Power Grab farce.
In a move that has turned on new disputes on the Defi platform, an important Uniswap delegate known as Pepo Rage-Wit the Dao, calling the Uniswap Foundation to transform decentralized governance into a farce from top to bottom.
Pepo, who checked 455,000 UNI and ranked among the top 20 voting delegates, did not resist.
Uniswap Crypto Delegate calls failures to Uniswap Foundation
https://t.co/tfejyc4lvt
– Pepo (@0xpepo) May 5, 2025
In an attractive post on X, he accused the foundations of exchanging voices Dao, ignoring delegated criticisms and isolating himself by the significant involvement with feedback.
“The behavior of the Foundation seems to have given priority to isolation on collaboration and, in doing so, could have actively damaged Uniswap,” wrote Pepo.
His departure is not only symbolic. It is a red glow shot over the bow of the $ 4B protocol, raising serious doubts about how decentralized Uniswap is.
At the center of the storm is the subsidy of the 165 million dollar treasure approved by Dao in March, the money that the Foundation is using with what critics have agitated as alarming unaroma.
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The Uniswap Foundation tries to sweep the drama under the carpet
Technically operating as a non -profit organization, the Foundation had to serve the Dao. But some now argue that it is becoming its center of power, not responsible and silently aligned with the Uniswap laboratories, the entity for profit that has hidden the protocol.
The participation of the delegate is essential for the success of the UNISWAP ecosystem e @Uniswapfnd He takes their feedback seriously.
In fact, we are the only main foundation of protocol financed through the express approval of the delegates. We were not equipped with token at …
– Devin Walsh (@Devinwalsh) May 6, 2025
Devin Walsh, executive director of the Foundation, gave the usual brilliance PR: “The participation of the delegate is essential … Let’s take their feedback seriously”.
But behind the scenes, it is a different story.
Many sources say that the key decisions are discussed privately in the rear channels, they met among the large wallet holders long before reaching the eyes of the forums of the community.
Some delegates call it “dao theater”, in which the votes are held after the real calls have already been made as puppets.
This is not the first time that decentralization in Uniswap has been questioned. In October, Billy Gao of the Stanford Blockchain Club slammed UNISWAP LABS for launching his blockchain without Dao input, calling it a clear failure of governance.
The formation of a new “foundation feedback group” also has not lightened the tensions. The delegates say it is too small, too late.
“It is a loss for any Dao when a delegate feels that the only way to have an impact is to go down,” Paperimperio said from the GFX workshops in the comments to Coindesk.
While the owners of Token UNI wonder who is really guiding the ship, one thing is clear: decentralization in Uniswap is still ongoing ongoing jobs and, if not an illusion of the brand, things should change quickly.
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